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What taxes have been created or increased since Alberto Fernández came to power

2021-08-16T13:32:35.548Z


PAIS tax, on great wealth and 35% perception on the purchase of dollars. What they are about and which ones complete the list.


Soledad Navarro

08/16/2021 10:19 AM

  • Clarín.com

  • Economy

Updated 08/16/2021 10:22 AM

From the candidate for provincial deputy Victoria Tolosa Paz who proposes to burden companies with more taxes.

Or the rumors that indicate that they would like to include in the 2022 Budget, the tax on great wealth as permanent (it was born as something exceptional), the focus does not move from the tax pressure suffered by taxpayers and that due to the strong evasion falls on the portion of those who comply.

"Increasing the tax pressure further goes against the objective of making Argentina grow

, that there are investments and employment. It is the recipe that the governments use as the easiest but it does not have good consequences", points out Sebastián Domínguez, partner of SDC Asesores Tributarios and author of the report that compiles the 18 taxes that were created or raised since December 2019.

For the specialist, governments should attack high evasion to reduce the tax burden for those who pay.

"Argentina must fight against evasion, so that more taxpayers would pay and lower taxes," he said.

One by one, all the taxes that were created or raised

1)

COUNTRY TAX

Law 27,541 created

the PAIS Tax of 30% on the purchase of foreign currency for storage or consumption

with credit and debit cards in foreign currency, acquisition of services abroad through tourism agencies and acquisition of transportation abroad.

In the case of digital services, such as Netflix, Spotify, Apple Music, Google Play, Stream, etc.

the aliquot is 8%.

The Law entered into force on December 23, 2019.

2)

Personal Property

On the same date and under the umbrella of the same law

, an increase in the rates of the Personal Property Tax was implemented

.

It went from a minimum of 0.25% and a maximum of 0.75% to a minimum of 0.5% and a maximum of $ 156,250 plus 1.25%.

In addition,

for holdings outside the country, the maximum rate rose to 2.25%

.

And, as an aggregate, the non-taxable minimum from which the $ 2 million tax is paid remained unchanged.

"Although the increased rate for goods abroad, we understand that it was in force for the 2019 and 2020 periods, has transcended a government position that indicates that the increase applies indefinitely

," Domínguez said.

3)

Labor costs

Law 27,541 made modifications regarding employer contributions.

The non-taxable minimum that should be increasing year by year according to the Tax Reform of Law 27,430, was frozen at $ 7,003.68

and no update mechanism is foreseen.

This implies that it liquefies month by month with inflation.

The aliquots of employer contributions for companies were frozen at 20.40% or 18% depending on the type of employer.

Law 27,430 contemplated the convergence of rates at 19.50% for all companies

.

This could be a benefit for the smallest companies that apply 18% but when the non-taxable minimum is frozen and not updated, the benefit could not be such.

How many taxes have been created or raised since Alberto Fernández came to power

4)

Income Tax for companies - Part I

Another reduction in the tax burden set aside by the Solidarity Law was the application of the

Income Tax for companies

.

The text postponed the application of the 25% rate for companies scheduled for 2019 for one more year,

which is the same as saying that it extended the 30% rate one more year

.

5)

Income Tax for companies - Part II

After the postponement indicated, through Law 27,630 the law was modified establishing a progressive rate.

Thus, up to $ 5 million of accumulated taxable net income: a 25% rate will be applied;

More than $ 5 million and up to $ 50 million of the taxable net profit: they will pay a fixed amount of $ 1,250,000 plus a 30% aliquot on the surplus.

More than $ 50 million of the accumulated taxable net profit: they will pay a fixed amount of $ 14,750,000 plus a 35% aliquot on the surplus.

In this way,

the tax burden is increased by applying aliquots of 30% and 35% according to the corresponding profit segment.

6)

Income Tax for companies - adjustment for inflation

Law 27,541 also modified rule 27,430 and established that companies can compute the

losses caused by inflation on their results up to a limit.

Surpluses above that limit can be computed in future years, the following “fiscal periods”.

Until 2019, it could be imputed in thirds within three fiscal periods and, after the Solidarity Law, it could be imputed in sixths: over six years.

Thus,

the impact of inflation on taxable results was liquefied over time

, which in fact is a financial cost for companies in favor of the treasury.

Although by 2021 this deferral would no longer apply, a project that would force it again could not be ruled out.

7)

Tax on debits and credits in bank accounts - Part I

The same Law increased the debit tax to double

when cash withdrawals are made for operations covered by the tax.

That is, in those cases the tax will go from 0.6% to 1.2%.

This increase does not apply to human persons as well as to legal persons that are micro and small companies with a MSME Certificate.

8)

Tax on debits and credits in bank accounts - Part II

The debit and credit tax exemptions are modified to tax certain payment accounts.

9)

Value Added Tax on products of the basic food basket

On December 31, 2019, the 0% rate

on certain products of the basic basket that had been introduced by Decree of the Previous Government expired.

In this way, products were

once again taxed at 10.5% and 21% on sales to final consumers.

10)

Export duties

Through Decree 39/2019, Law 27,541 and various resolutions, export duties, commonly called withholdings, were modified.

In this way,

the duties on exports of soybeans and other products were increased, taking them to a maximum of 33%.

In October, a drop of three points was decided, two points for November and one point for December.

Export duties

on exports of services were reduced from 12% to 5%,

but by removing the ceiling in pesos that the previous government had established, today they end up being higher than in the past.

For companies registered in the Registry of the Law for the Promotion of the Knowledge Economy, the 0% rate was established for exports by decree 1034/2020.

However, since there are still many companies that have not been approved for registration, they must continue to pay export duties.

11)

Perception of 35% on the purchase of dollars and card expenses

Through General Resolution (AFIP) 4815,

a 35% perception regime was created that is applied to the same taxable events as the PAIS tax.

Monotributistas can compute that 35% as a payment on account

of personal property, while the remaining subjects as an income on account of the Income Tax.

Those who are not taxpayers may request a refund from the year following having suffered them.

 "Although since January 2021 many people have requested this refund, to date there are no known cases where the AFIP has effectively returned them," warns Domínguez.

12)

Internal taxes on technological and electronic products

The Budget Law 2021 established an increase in internal taxes on certain electronic products, among others, as of January 1, 2021. These products were taxed at 10.5% and became recorded at 17% and when they are manufactured in Tierra del Fuego, by companies benefiting from the Law 19,640 regime, they went from 0 to 6.55%.

The point is that since the internal tax is applied on the internal tax itself, the effect of the increase is even greater.

This implies that the real increase in the rates is 8.75% and 7%, depending on the origin of the products.

13)

Teacher Incentive Fund

The Budget Law 2021 restored the validity for 1 year of the Teacher Incentive Fund that was so resisted in the Government of Fernando De la Rua and ended up being repealed.

This fund was to be paid on automobiles whose market cost exceeded four thousand pesos ($ 4,000), motorcycles and motorcycles with more than two hundred (200) cubic centimeters of cylinder capacity, boats and aircraft, registered or located in the national territory.

It is 1% or 1.5%, depending on the case.

14)

Tax on online gambling

The Budget Law also increased the online gambling tax from 2% to 5% on the net value of the deposits

made by the bettor in his account.

The tax will be applied to any gambling transaction carried out digitally

, while the tax will be 10% in the case of foreign subjects and if it is domiciled in a non-cooperating jurisdiction or with low or no taxation, the rate is increased to fifteen%.

15)

Tax on auto insurance premiums

The Budget Law 2021 created a mandatory contribution of 0.5% on the automobile insurance premiums corresponding to the policies contracted with insurance entities on all vehicles affected by passenger transport services of national jurisdiction and that will be destined to the Commission Regulatory of Transport.

16)

Tax on insurance premiums for fire management

The 2021 Budget Law also created the National Fire Management Fund, which, among other concepts, is made up of a mandatory contribution of 3 per thousand of insurance premiums (except life insurance), paid by insurers.

Such contribution may not be transferable to the premiums to be paid by the policyholders and must be settled by the insurance companies to the Superintendency of Insurance of the Nation.

17)

Wealth Tax

The extraordinary wealth tax applied progressive rates from 2% to 3.5% and, in the case of goods abroad, proportional rates from 3 to 5.25%.

18)

Draft Law "Green Insurance"

Advances, with half sanction of the Senate, a project so that 0.5% of the premiums of automobile policies must be paid and allocated to forestry.

YN

Source: clarin

All business articles on 2021-08-16

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