This Thursday, in the debate on the draft
Law on Palliative and Relevant Fiscal Measures
, sent to Congress on Wednesday afternoon by the ruling party, the opposition blocks pressured the Government to make changes linked to
the update of the
Income Tax.
In addition, they emphasized
the reduction of tax expenditures
, such as the elimination of the exemption of judges from paying profits; along with the modification of
internal taxes such as tobacco
and proposals on
the
tax benefits that govern in Tierra del Fuego
.
The
fiscal package
includes
eight sessions
with changes in
Profits
,
Monotax
,
Personal Assets
and
money laundering
, among other reforms. The proposal seeks to be a complement to the
Base Law
and will be debated simultaneously. Thus, the ruling party hopes to have both initiatives approved in the first days of May to submit them to the Senate and have them sanctioned before the 25th, the date on which it aspires to sign the
May Pact
with the provinces.
Changes in Income Tax
The Government is confident that inflation will slow down in the coming weeks and, in that direction, confirmed that
the update of the Income Tax will be annual
. At the meeting called by the president of the commission, deputy
José Luis Espert
(
La Libertad Avanza
) - and in which the Secretary of the Treasury,
Carlos Guberman
, was present ; and the director of Tax Analysis and Statistics,
José Antonio Salim
-, the Government answered the questions of the legislators and highlighted that the tax
will be adjusted annually by the Consumer Price Index (CPI).
Thus, despite the request of some legislators - such as
the national representative for
Santa Fe
and
member of the PRO, Germana Figueroa Casas -
that there is a
quarterly update
, the ruling party maintains the original idea. “We started with a high floor to avoid the natural delay that the discussion of the project may have. That it is quarterly makes the tax treatment more complex,” said Guberman.
However, he did not rule out the possibility that, just for this year, there will be a change on this point. "We contemplate the possibility that, if inflation were to get out of control, an
adjustment would be made before the end of the year
, although we are convinced that the
process of slowing price increases
will continue , so no more would be necessary. updates,” he said.
Among the most salient points of the project, the reversal of the fourth category of the tax
stands out
. After negotiations with the governors and the dialogue opposition blocs,
a non-taxable minimum of $1,800,000 gross
for singles and
$2,200,000
for married people with children was set. In addition, the tax will be renamed
Personal Income Tax
and will be updated starting in 2025.
Tax expenses and tobacco tax
Another of the requests to the Government was led by the national deputy
Nicolás Massot
for
We Make the Federal Coalition.
He requested an estimate from the Ministry of Economy on
tax expenditures
. “I understand the origin and existence of the more than 30 special regimes. What I do not share is the Government's position regarding the requests from the different blocs to open the discussion on the issue,” he said.
Massot also joined Figueroa Casas' request on Profits: “Making it annual is a trap, it happened in other governments. I wonder if the legislative route is appropriate, to define
updating mechanisms like UVA
,” he noted.
He also demanded a clear position from the Government on
the elimination of the tobacco tax
, which was originally included in the draft Base Law: “Its position must be forceful and it must not use the absence of the chapter as an excuse. Or are you doing it to maintain the status quo?”
Those who also asked about the internal tax on tobacco and tax expenses were
Juan Manuel López
, deputy of
Hacemos Coalión Federal
. Meanwhile,
Lisandro Nieri
,
UCR
block , joined the request for an explanation for the tobacco tax and criticized the
withdrawal of the tax chapter
of the Omnibus Law: “We cannot wait for a tax reform. The economic and financial emergency, which demands a fiscal order, presents an opportunity to move forward before Budget 2025.” He also referred to the
annual
Earnings update: “The
quarterly update
was a better alternative.
Other speakers of the day were
Myriam Bregman
, national representative of the
Left Front
;
Sergio Palazzo
, deputy of
Unión por la Patria
for Buenos Aires;
Carlos Daniel Castagneto,
national deputy of Unión por la Patria and former head of the AFIP;
Romina Del Plá
, national deputy of the
Victory Front; Julia Strada
, national representative for
Unión por la Patria
;
Germán Martínez , head of the
Unión por la Patria
bloc
for
Santa Fe
;
Silvana Giudici ,
PRO
national representative
for the
City of Buenos Aires
; and
Pedro Jorge Galimberti,
national representative of the
UCR
for
Entre Ríos
, among others.
“We want to generate a
different tax culture
, in which we all have the same obligations and the same rights in fiscal terms. The reforms promoted go in that direction. The idea is that we no longer take tax spending as a way to hide who is being given a benefit with State resources, and that it be made explicit in the budget
how much and to whom the money is given
,” Guberman concluded.
Changes in Personal Assets, money laundering and Monotax
There will also be modifications to the
Personal Property Tax
: a payment facility to anticipate payments for future years and a reduction in rates thereafter.
The new
tax floor will be
$100 million
and the deduction for family housing will increase to
$350 million.
Regarding
money laundering
, the
Asset Regularization Regime
will enable the laundering of up to
US$ 100,000 without penalty
, with a deadline until April 30, 2025 (extendable until July 31 of next year). On this point, and in reference to the request for the blocks, the Government said that it is difficult to estimate an
expectation of collection
from money laundering.
Meanwhile, the
Simplified Regime for Small Taxpayers (Monotributo)
updates the billing and quota ceilings, with increases of between
300%
and
330%.
The
annual income ceiling
would be
$68 million,
with the novelty that it will be for commerce and service activities alike.