07/15/2021 11:43 PM
Clarín.com
Politics
Updated 07/15/2021 11:45 PM
The ruling party succeeded in the Senate on Thursday to convert a Monotax reform project into law that eliminates the retroactive payment of the tax and establishes payment plans of up to 60 installments for the regularization of taxpayers' debts.
In addition, it definitively sanctioned a file that reforms the Taxes on Income and Personal Assets in order to promote savings in pesos aimed at expanding the exemptions in the aforementioned Taxes for financial investment assets in national currency.
Both bills were unanimously approved and signed into law.
The reform of the Monotributo law eliminates the retroactive one, which means that monotributistas will not have to face any accumulated debt due to the resulting difference between what they paid between January and June and the new values established from the enactment of Law 27,618.
With this project the Fiscal Strengthening and Relief Program for Small Taxpayers is created to complement the Tax Support and Inclusion Regime for Small Taxpayers.
In this way, the Government seeks to give "greater fiscal relief and predictability to the economic activity of monotributistas", who add up to a total of 4,080,151 taxpayers;
of which 1,592,466 (39%) are in the Metropolitan Area of Buenos Aires (AMBA) and 2,487,685 (61%) in the rest of the country.
Taxpayers had to pay the monotax with new values, but the AFIP extended the maturity of the monotax from June 25 to August 5 next.
Throughout the monotax project, the increments that will have scales in which the lowest will be able to double the billing amounts are set.
The initiative also establishes that those who exceeded the expected turnover in their category may remain in the scheme as long as they do not exceed the annual turnover of $ 5.55 million and a net worth of up to $ 6.5 million.
The regulations promoted by request of the national government contemplates a payment plan to regularize the debt of monotax holders, with a maximum of 60 installments, a financing interest of no more than 1.5% per month, for debts that had been paid in current plans and expired, and for taxpayers who do not enter the Monotax Tax Relief, among other issues.
Meanwhile, the project on Personal Assets modifies the Taxes on Income and Personal Assets to promote savings in pesos aimed at expanding the exemptions in the aforementioned Taxes for financial investment assets in national currency.
This initiative, when it was sanctioned by Deputies, eliminated one of the controversial points, the third article, which allowed the taxation of fixed terms that are not deposited for a period of less than 275 days.
