Ismael Bermudez
08/28/2021 4:56 PM
Clarín.com
Economy
Updated 08/28/2021 4:56 PM
“We are working on
updating
, starting from the collection of salaries in September, of
the salary floor of $ 150,000 from which
workers in a dependency relationship
begin to pay income tax
.
Preliminary accounts show a new floor of
between $ 176,000 and $ 182,000
.
The final figure will depend on what the increases in parity prices show ”.
This is what
government sources
told
Clarín
who added that “they are making the crossovers between the income of the workers and the number of workers
affected by the withholding of earnings
.
And the new floor must be such that
those who were exempted from paying Profits, continue to be exempted
even though they have received nominal increases ”.
In the same proportion as the floor increase of $ 150,000, the retention of Earnings for the segment will be adjusted between $ 150,000 and $ 173,000.
According to the Government, when the floor was raised to $ 150,000 gross, retroactive to January, complemented by the increase in the non-taxable minimum of retirees and pensioners from 6 to 8 minimum salaries,
1,267,000 became exempt from Earnings
.
In the case of retirees and pensioners, the non-taxable minimum of
8 minimum assets
is applied if they do not pay the Personal Assets tax and if they do not have other income or have it - for example, rent, interest - but less than $ 167,678.
In that case, the exemption from the salary floor applies.
In the Government they assure that the new floor should allow that same number of workers and retirees and pensioners to continue exempt and
10% of the workers pay earnings
(almost one million).
For retirees and pensioners, the adjustment of the non-taxable minimum is automatic
because it is set as a multiple of the minimum credit that is updated every three months according to the mobility formula.
Between September and November, 8 minimum assets are $ 207,376 ($ 25,922 x 8).
On the other hand, for workers in a dependency relationship, the non-taxable minimum (which starts at $ 74,810 net) was not modified, but a fixed sum floor ($ 150,000) was established or added.
The non-taxable minimum applies to those who receive above the salary floor.
When the Earnings project was prepared in January, the inflationary pattern was 29% and the parity companies agreed to increases of 30/31%.
Now, real inflation is projected at more than 45% and the parities revised up the previous scales and the new Agreements started with increases of more than 40%.
So the $ 150,000 salary floor is falling behind.
Anticipating this scenario - of salary increases that will lead workers exempted from paying Profits, to be reached again - Article 12 of Law 27,617 empowered the Executive Branch -
only for 2021
- to increase the floor of $ 150,000, so that only the 10% of salaries are taxed by Earnings.
This power is what the Government would have to update the Profit floor as of September.
Meanwhile, according to the law,
the salary floor must be adjusted annually by the variation of the RIPTE
(index of formal salaries prepared by the Ministry of Social Security).
Then there will be another problem: in 2022 the percentage of increase of the Profit floor will be applied on the $ 150,000 or on the new value of September of $ 176,000 / 182,000?
