06/04/2021 18:54
Clarín.com
Economy
Updated 06/04/2021 18:59
The Government
"forgot"
to update the amount from which the Personal Property tax must be paid, so this year all taxpayers who at the end of 2020 had taxable assets
for at least 2 million pesos
will have to pay it.
, the same tax base applied in fiscal year 2019.
Given that the
inflation of 36.1%
registered in 2020 will play against taxpayers,
there will be more people who will have to pay it this year
, even if they had been left out of the tax last year and their financial situation had not changed substantially.
In this case, the Government
repeats the distortion
that occurred years ago with the income tax and the non-taxable minimum, which by not updating it led to more and more people being affected by the income tax.
In a way, the benefit for leaving wages up to $ 150,000 out of the scope of Earnings
will be returned
by taxpayers who must now pay for personal property.
Nor was the floor of $ 2 million updated for the case of employees who in 2020 obtained that amount as gross income.
These taxpayers must
also submit informative affidavits
.
Then, depending on the declared patrimony, it will be seen whether or not they should pay the Tax.
A good one:
the filing dates
of the affidavit and payment
were moved
.
The maturities that were foreseen as of June 11 and until June 16 were run for the month of
July,
although the dates have not yet been formally reported.
The concrete thing is that
there is no inflation adjustment clause
and the tax base will trap more and more taxpayers.
The attribution to modify the base belongs to Congress, which this time did not touch it.
"This lack of automatic updating is a remnant of the Convertibility Law, which prohibited indexing," said the tax expert
Juan Mariscal.
It should be clarified that for the calculation of the tax base
, permanent use housing is excluded, up to a tax valuation of $ 18 million
.
The taxpayer base of personal property expanded significantly after the money laundering that closed in March 2017. “Many of them declared assets abroad, which are obviously valued in dollars.
The lack of update plus the surge of the dollar against the peso literally kills them,
”Mariscal said.
It happens that the dollar closed 2017 -the year of the closing of the laundering- at about 19 pesos, jumped to $ 39 at the end of 2018 and $ 60 at the end of 2019. Last year ended -the official one- and $ 90 at the end of 2020, the reference value for the tax to be paid next month.
In addition, it had been promised to lower the rate for personal property to 0.25% and today it reaches
2.25% for property abroad.
It should be remembered that the balances of bank accounts, as of December 31, which are deposited in savings banks or in fixed terms, whatever the currency, are still exempt.
On the other hand, current accounts, cash and the possession of foreign currency in safes or in the "mattress" are taxed.
The single home, up to 18 million pesos of valuation (figure that was not updated either), is still exempt.
Also the holding of public securities.
Automobiles are valued with the information provided by the Insurance Superintendency, which is granted to each unit by the motor vehicle registry.
The current garments cannot be discounted for the debts of the vehicles.
They are considered in the patrimony for five years, the fifth included.
For goods owned abroad, a differential rate will have to be paid up to a rate of 2.25%.
If at least 5% of foreign goods are brought into the country, all assets, including foreign assets, are paid for at reduced rates.
For local assets and in cases where 5% of the assets that are abroad enter the country, all assets that are taxed are considered and the exempt minimum is subtracted, which for this year amounts to $ 2,000. 000.
For goods abroad, the rates range from 0.70% to 2.25%, in four progressive steps and are applied to goods outside the country.
The exempt minimum is first discounted on local assets, then the remaining balance on foreign assets.
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