Annabella quiroga
05/19/2021 6:01 AM
Clarín.com
Economy
Updated 05/19/2021 8:29 AM
Forty days after the approval of the bill that released 1.2 million dependent employees earning less than $ 150,000 gross per month from income tax,
the new law has not yet entered into force.
This occurs because
the regulation
by the Ministry of Economy and the AFIP
is still pending
.
"The issue is being worked on" is the answer that appears when asked why the implementation is delayed.
If the regulation is not specified this week,
the chances that the changes will begin to take effect with the May salary escape.
The issue began to generate
risks
within the governing coalition.
It is that the great promoter of the changes in the law was Sergio Massa, the president of the Chamber of Deputies.
From the Renovador Front they emphasize that the issue arouses
"annoyance
.
"
"We do not know why the regulation did not come out, everything was on track for it to come out", they indicate in the surroundings of Massa.
And they point out that if the issue is not resolved in the next few hours, the leader
will go out to publicly complain to his partners
.
There is annoyance in Sergio Massa's Renovation Front due to the delays in Earnings.
Photo: Rolando Andrade Stracuzzi
The postponement occurs in
a complicated month for the public coffers
: expenses related to the pandemic are growing, restrictions on mobility threaten to impact collection and the Treasury needs to renew this Wednesday more than
$ 300,000 million
of maturities in a market at the that it is difficult for him to get excited about a rate that falls short amid the upsurge in inflation.
The good news is that the fiscal coffers have
extra income
due to the exceptional price of soybeans and corn, which throughout the year will leave additional withholdings of about
US $ 3,000 million.
To this are added the $ 230,000 million that the Wealth tax has already contributed.
With one of lime and one of sand, Minister Martín Guzmán prefers to be cautious and continue to stretch the regulations of the new Earnings law that will mean a fall in public income of
$ 45,000 million in the year.
In addition to lower collection, the implementation of the new law incubates a potential risk.
As the tax is annual, once it is regulated, the workers will not only stop paying but will also receive a refund for what they paid throughout the year.
The fear of the economic team is that part of those pesos instead of going to consumption, as the Government wishes,
will put pressure on the blue dollar.
The informal market had been quiet last week, but this Tuesday it resumed the upward trend and took a jump of three pesos, which takes it to
$ 156
.
Even so, it is still the cheapest option for those looking to hoard tickets.
If the Reimbursement of Earnings turns to the blue, this will generate greater demand and could lead to
a new jump in the exchange rate gap
, which in recent weeks had stabilized below 70%.
Covid spending grows
So far the additional expense that the second wave of Covid generated reaches
$ 180,000 million
.
There, the $ 15,000 bonus is included for holders of the Universal Child Allowance (AUH) and for monotributistas of categories A and B of the AMBA.
It is about one million beneficiaries who will demand
$ 13.9 billion
from the State
if the payment is made only once.
There are also the 23,000 companies that joined REPRO, many of them in sectors such as gastronomy, one of the hardest hit by the new restrictions, which represents an extension of that program by
$ 12,000 million.
This line also includes the expansion of the Alimentar Card, which will go from 1.9 million beneficiaries to 4 million.
This will bring the Card's annual spending from the anticipated $ 123 billion to
$ 250 billion.
To this must be added another
$ 4,000 million
that is destined to increase assistance to community kitchens and
$ 27,000 million
in items from the Ministry of Health for the acquisition of vaccines, payment of bonuses to the personnel who attend Covid and other expenses.
But in the Palacio de Hacienda they admit that this amount is provisional since it
could be extended
if the restrictions are deepened, as it is being analyzed at this time.
That is why the Government seeks to
move with caution
and does not rule out tying the regulation to the approval in Congress of the project that changes the scale of the income tax for companies.
This project, which would offset the tax effect of raising the minimum tax for people, will be discussed this Wednesday at the venue.
AQ
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