06/17/2021 1:42 PM
Updated 06/17/2021 1:42 PM
With the resolution of the AFIP that puts into effect the changes of the new law that governs the income tax,
some doubts arose
Many companies are
racing against the clock
to be able to settle June salaries with the new ceiling of $ 150,000 and, especially the scales that must be applied for those who charge between $ 150,000 and $ 173,000.
The General Resolution 5008 of the AFIP, published in the Official Gazette last Tuesday, officially put into effect Law No. 27,617, which in turn modifies aspects of the Income Tax that workers must pay, with retroactive effects to the 1st of January 2021.
Among the changes, the most important is that the "floor" from which employees are obliged to pay taxes is raised, which becomes $ 150,000 per month, while the burden of the tax on those who receive gross monthly wages is alleviated between $ 150,000 and $ 173,000.
new exemptions and deductions
for workers, both in the public and private sectors.
The consulting firm KPMG passed
all the changes so that employees have a guide before collecting the next salary and the half bonus.
Exemption on "Bonus for productivity",
"Cash failure" and "concepts of a similar nature", exclusively for those workers who receive a
gross remuneration that does not exceed $ 300,000 per month
These people will enjoy an exemption of
up to 40%
of the non-taxable minimum that currently amounts to $ 67,071.36 per year.
Exemption on the Supplementary Annual Salary (SAC) or Christmas bonus
for workers whose remuneration does not exceed $ 150,000 per month.
- Special exemption for
workers in the health sector
: The exemption for overtime or on duty remains until September 2021.
- Exemption on particular supplements
Expanded deduction on retirements and pensions
: The minimum floor from which retirees and pensioners must pay taxes is raised, going from 6 to 8 guaranteed minimum assets.
Domestic partner deduction
: The possibility of deducting the partner as a family burden is incorporated, for the same amount provided for the spouses.
Deduction for disabled children
: The deduction for son, daughter, stepson or stepdaughter is extended when they are incapacitated for work.
Other particular deductions
: It is allowed to deduct the expenses of day care and / or nursery school for children up to 3 years of age and for the
purchase of educational tools for the children
Employees who will benefit from the changes
The reform aimed to reduce the tax burden of a large group of workers, leaving
some totally exempted
from paying the tax and others with less withholding.
In this sense, according to KPMG's work,
two large groups
of employees benefited from these changes
can be identified
On the one hand, those employees whose
gross remuneration does not exceed $ 150,000
per month, which will not pay any amount since the rule contemplates an increase in the special deduction in the month, so that the net income subject to tax must yield zero results. Likewise, the
exemption on the bonus
Second, those whose gross remuneration is greater than $ 150,000 but is less than or equal to $ 173,000 per month, which will enjoy
a decrease in their tax burden.
In this case, the Administration was empowered to set a special increased deduction, in such a way as to create
between those who will not pay tax for integrating the group of workers with gross salaries less than $ 150,000 per month and those who continue to pay the tribute in the same way that they had been doing for exceeding $ 173,000 per month.
On the other hand, we can identify a group of workers who will only be able to benefit from the new exemption on "Productivity Bonus", "Cash Failure" and "similar concepts", as long as their gross monthly remuneration does not exceed $ 300,000 per month .
Finally, we find the group of workers who will
not enjoy any benefit
since they receive salaries of
more than $ 173,000 per month
and do not charge the exempt items mentioned.
Refund of the retroactive
return the money
withheld since January to workers who will now be exempted from the tax or will pay less.
They must prepare
an additional liquidation
in order to determine the differences that, by application of the deductions and exemptions established by Law No. 27,617, could be generated
in favor of the workers
, which will be reimbursed in
equal, monthly and consecutive
in the months
of July, August, September, October and November 2021.
Additionally, the benefit that is established on the payment of the Christmas bonus will be applicable for the
fee paid at the end of June or the first days of July,
corresponding to the first semester.
The AFIP Resolution brings significant changes
that will affect the areas of salary settlements.
Although there are particular aspects within each company that must be considered when implementing these regulatory changes, the standard establishes a new calculation mechanism that will impact almost all employers.
It turns out that the AFIP regulations distort the
that governed salary settlements, while now
of each month
must be observed
in order to determine whether the worker's remuneration is You must apply the benefit established for the tranche of up to $ 150,000 or that corresponding to the tranche of up to $ 173,000 per month.
To do this, the employer must assess whether the gross remuneration for the month
or the average gross monthly remuneration for that month
- whichever amount is less - is located in any of said tranches and proceed to apply the special increased deduction that corresponds to each case.
The following month, a new "photo"
The following month, a new "photo"
of the month's remuneration and the accumulated average must be taken, the benefits applied according to the same, and without this implying deleting the "photo" of the previous month.
That is to say, for example, we could have cases of employees that one month are included in the first tranche of the benefit for gross salaries of up to $ 150,000 per month
and the following month go to the tranche of up to $ 173,000
, and the third month they return to the first stretch.
What should employers keep in mind?
Challenging times are ahead for professionals in the payroll areas.
Even though in companies it has been assumed for a long time that the liquidation of the Income Tax of employees is a frequent source of complaints from workers who
do not understand why this or that amount is withheld
, we understand that the new rules They take a leap in the
degree of complexity
of salary settlements.
At KPMG, they foresee that "these changes will demand greater attention from companies, both with respect to the initial parameterization of the settlement systems in order to apply the rules correctly, and the need to carry out recurring reviews on the calculation of the Withholding of the monthly tax and at the time of making the annual adjustment, since
any deviation due to excess or lack
could translate into claims
by employees, unions or the Treasury, respectively. "
Changes in Earnings: the improvement for employees can reach up to $ 115,686 in the year
Earnings: what will happen to those who earn between $ 150,000 and $ 173,000
Income Tax: what does the resolution that makes the changes official say