Annabella quiroga
05/25/2021 18:48
Clarín.com
Economy
Updated 05/25/2021 7:18 PM
Seven weeks
it took the Executive Power to regulate the Income Tax Law.
As of the publication of the decree in the Official Gazette on May 25, almost everything is ready so that with the June salary, the wage earners feel in their pockets the double relief: on the one hand, they will stop paying the tribute.
And for the other, they will be charged in
five installments
, starting in July, the retroactive amount for what they paid between January and May.
The new law exempts from this tax dependency workers who
earn less than $ 150,000 gross
.
It also benefits retirees who are below the equivalent of eight minimum wages.
There are an estimated 1.2 million people in these conditions.
The Government sees in this instrument the chance to benefit
a sector of the upper middle class that looks at the ruling party with suspicion.
And that also allows a flood of pesos that should contribute to the rebound of the economy after the collapse of 10% last year.
Impact on the pocket
How much will my out-of-pocket income go up?
This will depend on your gross pay and deductions.
As the higher the salary, the higher the discount, the more impressive the return will be for those who have contributed so far.
According to IARAF calculations, a single worker without children who has a gross salary of $ 100,000 will stop paying
$ 583
in Earnings as
of July
and at the same time will receive a refund for the same amount in five installments.
So your monthly income will increase by $ 1,166.
Those who have a salary of $ 125,000 will have a five-month "bonus" of $ 8,150. For those who receive $ 150,000, the relief will be
$ 19,282
per month until November.
Among those married with two minor children, the payment of Earnings falls today on those who earn more than $ 125,000, since below that amount they are exempt.
Then, the improvement will be
$ 518
for those who receive a gross salary of $ 125,000 and $ 6,748 per month for those who earn up to $ 150,000.
From November -right after the elections
pockets again enflaquecer
and relief will be half perceived in these months since the effect disappears reimbursement.
It is not a minor detail that between the discount of the salary of January and the first refund will run
an inflation higher than 20%.
"The purchasing power that the pesos had from January to May is not the same as what is going to be returned from July.
It is like an ice cream that melts in your hand,
" said tax attorney Cesar Litvin in TN.
The Government is betting that these "bonuses" are turned over to consumption in the months prior to the elections.
But there is also the risk that, amid the uncertainty, taxpayers will bet on the blue dollar - perceived today as cheap in the market, since it is trading at
$ 153
- and this will lead to a new jump in the exchange rate gap.
For decree 336/2021 to be fully effective,
the AFIP still needs to issue a resolution,
something that should happen in the coming days.
Last week the Government reported that
the reimbursement for what was paid between January and May would be made in five installments
.
Thus, if the payment starts in July, the last installment will be felt in November, just at the edge of the elections, which maximizes the positive effect of the $ 45,000 million per year that the treasury will cease to receive due to these changes.
In part, this will be offset by the new profit rates for companies, a project that already has half a sanction from Deputies.
These changes will contribute
$ 320,000 million
to the treasury
.
For the relief to be felt in May wages, it was necessary for the Government to regulate the law
before the 24th of this month
.
As that did not happen, the human resources departments will not make time to settle the salaries - which will begin to be paid as of May 31 - according to the new parameters.
So, in most cases, the
salary for May will still be paid with the discounts and without refunds.
AQ
Look also
They regulate the changes in Earnings: what is missing for the tax refund to begin
With the payment of Earnings in installments, the Government sets up an “extra” salary schedule until the elections
