Senate discusses the VAT refund project in committee

2023-10-18 12:46:12

He bill establishing VAT refund for the products of the basic basket to lower income sectors in the purchases made with cardswhich was approved last week by Deputieswill be debated this followingnoon in the Budget and Finance Commission.

As officially reported, The meeting will take place from 4 p.m. in the Illia Room on the first floor of the legislative palace.

Next, the commission headed by the Riojan official Ricardo Guerra will meet in conjunction with Education to debate the creation of three other national universities.

The VAT refund project -which consists of nine articles– points out that the measure will come into force as of January 1, 2024, and also that the implementing authority is empowered to expand the beneficiaries reached by the legislation.

In article 1 It is established that the beneficiaries of the VAT refund will be those who receive pensions, death pensions and non-contributory pensions, in a monthly amount that does not exceed the sum of six guaranteed minimum salaries, and the beneficiaries of universal allowances per child and per pregnancy.

Also Workers who provide paid services in a dependency relationship in private or public activity will be reached by this benefit. provided that the monthly income does not exceed the sum equivalent to six times the Minimum, Vital and Mobile Wage (SMVM), those included within the Special Regime of Employment Contracts for Personnel of Private Homes and contributors to the Simplified Regime for Small Taxpayers (RS ) that are framed and framed in Law 24,977.

The project also specifies that the benefit includes “the purchases of goods within the framework of the Alimentar Card or cards issued to beneficiaries of the National Program for Socio-Productive Inclusion and Local Development-Potenciar Trabajo.

Furthermore, it is established that «The planned monthly refund may not exceed 21% of the value of the Basic Food Basket for a type 2 home, valid each month.


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