2024-01-24 03:30:54
The National Executive Branch sent last night to the National Congress a bill to reinstate the Income Tax for employees, as had been announced last December.
Once the Government’s intention was known, the former Minister of Economy, Sergio Massa, criticized the measure and described it as “Oddities of freedom.”
This initiative will allow the Economy to increase collection, since with the reform applied during the previous administration, resources of up to 1 billion pesos had been lost, according to official calculations.
Likewise, it incorporates modifications to the monotax scales establishing a maximum amount for services of $35 million annually and $68 million for goods.
The proposal is a consequence of the governors’ claim for the loss of resources who suffered following the tax was eliminated in October last year.
“Those who voted once morest Sergio Massa should now take charge of replacing the tax,” say the Executive, blaming the provincial leaders for the current situation.
Los The governors wanted to maintain the elimination of the tax on workers and demanded that the tax on the check be shared. But given that this possibility results in a greater drain on national income, President Javier Milei flatly rejected this option. According to the budget rebalancing scheme presented by the Minister of Economy, Luis Caputo, in mid-December, the replacement of this tax would contribute close to US$2 billion to the national coffers, while US$ would be distributed among the provinces. S 800 million.
The reversal of Earnings cannot be retroactive to 2023
As a result of some interpretations regarding when the new law would be in effect, tax expert Sebastián Domínguez explained that the rule cannot be retroactive to 2023 because that would affect “acquired rights” and clarified that “retroactivity” corresponds to returning to the regime that there was at that time but Nothing corresponding to that period can be deducted.
In dialogue with this medium he indicated that the validity must be from January 1 since Profits is an annual tax and any modification must correspond to the current period.
However, he pointed out that one option is for it to come into effect from the enactment of the law: “If, for example, it begins in March, the first two months would be settled with the current regime and the remaining 10 with whatever the new law provides for.” . This will depend on how the negotiation develops in Congress. If it is made effective from January 1, the advances corresponding to January and February might be made in installments for the remainder of the year.
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