Workers in a dependency relationship who earn
more than $1,141,066 net monthly
, in the case of singles without children, and more than
$1,509,465 out of pocket, those married with a dependent spouse with 2 children
will pay the Personal Tax. Profits, if the new bill that the Government is sending to Congress is approved.
These calculations are by Fernando López Chiesa, from Estudio Lisicki, Litvin y Asociados, who clarifies that all payments received by workers, such as overtime, bonuses, long-distance travel expenses (truck drivers), Patagonian zone, are included in the tax calculation. .
And the non-taxable minimum and the tax scales will be updated every 3 months by the Price Index (inflation) in January, April, July and October of each year.
The project
eliminates the salary floor
promoted by Sergio Massa since 2021 and in force at
$ 2,340,000 gross
(15 Minimum Salaries, Vital and Mobile - SMVM) in the law that the Milei government wants to eliminate.
Returns to the previous scheme
.
This means that
1.5 million workers
currently exempt from Profits would once again pay the tax
at rates ranging from 5 to 35%.
In the recitals, the project says that "it aims
to recompose the tax revenues
(as of 2024) eliminated between August and December 2023, specifically with regard to the tax that falls on the personal income of taxpayers with greater contributory capacity."
The project ratifies the tax relief that Sergio Massa applied between September and December 2023.
In the case of the self-employed, the non-taxable minimum is lower: $885,310 – single without children – and $1,253,709 – married with 2 children.
A novelty of the project – article No. 98 – is that
it incorporates as part of the taxable base
of the tax all payments received by workers in a dependency relationship and exemptions or reductions established by other regulations will not be applied to the calculation of the tax, with the only exception of Law 26,176 applicable to oil workers.
“The different concepts that under the name of benefits (social or of any other nature) and/or fuel vouchers or for any other concept, extension or authorization of use of purchase and/or credit cards, housing, recreational trips or rest, payment of family group education expenses or other similar concepts, whether granted by the employer or through third parties in favor of his dependents or employees, are covered by this tax, even when they are not remunerative in nature for the purposes of the contributions and contributions to the Argentine Integrated Pension System (SIPA) or similar provincial or municipal regimes”, specifies article 98 of the project.
.
This means, as Gabriela Russo, head of the Professional Council of Economic Sciences, told
Clarín
, that the following exemptions and deductions, among others, are void:
•Exemption from the bonus for productivity, cash failure or similar concepts (up to 40% of the Non-Taxable Minimum)
•The exemption from particular supplements for military personnel is annulled
•The exemption from the Supplementary Annual Salary (bonus) is voided.
•The exemption for on-call remuneration for health personnel
•No type of exemption or deduction established by law will be applicable, except for oil workers - well personnel - (Law 26176)
•The deduction for mobility expenses, travel expenses and other similar compensation is void.
• Differential treatment for taxed overtime is eliminated.
The project repeals the 22% increase in deductions for workers and retirees who reside in the Patagonian area.
This affects workers and retirees in the province of La Pampa, Río Negro, Chubut, Neuquén, Santa Cruz, Tierra del Fuego, Antarctica and the South Atlantic Islands and the Patagones district of the province of Buenos Aires.
On the other hand, other deductions are contemplated as a capped percentage of the taxable base, such as mortgage interest, life insurance, prepaid medicine, medical expenses, private household personnel, among others.
As an example, according to Lopez Chiesa, a single worker without children, with a gross salary of $1,800,000 - today exempt from Earnings - will have $79,047 monthly withheld.
And with a gross salary of $2,340,000 (also today exempt from Earnings), he will pay $242,857.
And for a married person with 2 children, they will withhold $12,769 and $134,817 per month, respectively.
In addition, the bill sent to Congress
increases the billing levels of the Monotax categories
and the monthly installments payable.