Wednesday, January 19

Changes in Income Tax, Personal Assets and Monotax: guide for 2022


If the ceiling of $ 150,000 established in law 27,617 is taken to start contributing, the increase was greater than 50%.

The increase in remuneration achieved by Income tax also occurs for monthly salaries between $ 225,937 and $ 260,580 gross.

The measure also exempts from the payment of the Supplementary Annual Salary to workers whose average monthly remuneration for the first semester does not exceed $ 225,937.

“With the aim of strengthening the process of recovering the purchasing power of workers, in 2021 the salary level from which the Income Tax is paid was increased twice,” the public body noted.

The first was when it went to $ 150,000 gross in June in accordance with the provisions of Law 27,617, while the second was an advance on account of the annual increase that brought the value to $ 175,000 in September.

Decree 620/2021 detailed that it partially anticipated the annual update, so the January calculation is made in relation to the initial value of $ 150,000.

With the application of the 50.62% that arises from the Ripte index (Average Taxable Remuneration of Stable Workers) prepared by the Ministry of Labor, the non-taxable minimum is also updated, which in 2022 stood at $ 252,564.84 per year.

In turn, the deduction for spouse will go to $ 235,457.25 while for child it is $ 118,741.97 and will reach $ 237,483.94 in the case of children disabled for work.

In the first quarter, the ruling party promoted a bill by which the floor was updated to contribute for Earnings from $ 150,000, a matter that became effective as of April.

At the time, President Alberto Fernández assured that said law made it possible to make “the tax system more progressive, making those who have the most pay more and those who receive resources only from a salary pay less.”

He added that these changes helped resolve “the purchasing power of more than a million workers and also retirees who were affected.”

“And the results are interesting, since one million 267 thousand workers stop paying the tax, and it is a benefit for more than 90% of salaried people,” he said.

In September, the Government raised the floor again, as an advance, to $ 175,000 per month, and included mutual funds and financial trusts in the tax exemption for financial instruments denominated in pesos.

From the Government, they assured that this update allowed that almost 1.3 million workers continue to be exempt from paying the tax.

In addition, on both occasions the payment of Earnings was also exempted with the payment of the half bonus to the workers.

The bill to reform the tribute promoted by the ruling party entered the Chamber of Deputies in March and was approved by a large majority, and was later transferred to the Senate, where it was also voted by the majority of legislators.

One of the changes introduced at the last minute during the treatment in Deputies establishes that the former presidents and vice presidents of the Nation will pay Profits on lifetime allowances.

Likewise, it is established that the law will be effective as of January 1 of this year, for which the Government returned the discounts already made to those who corresponded to them.

On the other hand, it established that childcare expenses on children up to three years old do not pay Earnings up to an annual limit of $ 67,000, while the exemption for disabled daughter or son was doubled and the age limit was eliminated.

Productive bonuses up to a cap of 40% of profit, and overtime of waste collectors were also exempted from the tax.

Personal property

The Senate Budget and Finance committee ruled on the bill that was returned for a second review by the Deputies and that modifies the reliefs in Personal Assets, with the aim of sanctioning the law next Wednesday. After the victory of the Frente de Todos in the lower house, the ruling party in the upper house forgot its initial steps of last October and will ratify the benefits -for more than 500,000 taxpayers- but with the addition of raising aliquots in the “highest patrimonies ”-About 16,000-, as well as the setting of 2.25% for goods abroad.

In summary, the objective of the project is to advance with new minimums of $ 6 million and of $ 30 million for the case of the “house-room”, which will be updated by price index. What the Front of All in Deputies achieved – thanks to the inexperience of the legislators of Together for Change Álvaro González (PRO) and Gabriela Brouwer de Koning (Radical Evolution) – was to increase the aliquots in patrimonies of more than $ 100 million – pass from 1.25% to 1.5% – and more than $ 300 million, which will pay 1.75%.

All this was endorsed yesterday by the Senate Budget and Finance committee, chaired by the Riojan legislator Ricardo Guerra. However, who took the post of the official speech was the Christian Juliana di Tullio. In fact, and after a complaint from the macrista Guadalupe Tagliaferri about the formation of the commission, the legislator reminded her that it had been agreed upon by the block chiefs. This situation left the referents of the interblock in a bad way, Alfredo Cornejo (UCR) and – always silent when these problems occur – Humberto Schiavoni (PRO).

The one who saved both was Alberto Weretilneck from Rio Negro, an almost usual ally of the Frente de Todos in the upper house, who slipped the idea of ​​a temporary integration of the commission to deal with this project and a new decision on the number of legislators from each bloc to the next regular session.

“If what we want from the point of view of the progressivity of the income tax scale, from a certain level, is to tax with increasing aliquots, we should establish what that level is and update it automatically, it should not be delegated to anyone It should not be a political instrument as it has already happened ”, warned the radical Martín Lousteau.

The Senator then added: “In our bill an automatic update of the non-taxable minimum of personal property is made and the exact same thing should happen with income tax, we should have an automatic non-discretionary mechanism of any State, which can recognize inflation. accumulated or not, altering the tax structure ”.

Looking ahead to Wednesday, the ruling party should only worry about seating its 35 legislators, and the Weretilneck allies and the renewing missionary Magdalena Solari Quintana to start the session and sanction, after a few hours of speeches, the law that the Government intends.

Monotax

With the latest data on how assets will be adjusted by the retirement mobility, with the publication of the quarterly index corresponding to December, it was also known how the parameters and the amount to be paid of the Monotax.

As it transpired, the increase that the AFIP, in charge of Mercedes Marcó de Pont, it would be 52.7% in the monotax installments as of January 2022.

Since 2018, the variables of the monotax regime have been adjusted each January according to the accumulated increase in retirements from the ANSES general system in the previous year. In 2021, the mobility index was 8.07% in March, 12.39% in June and 12.12% in September, and it will be 12.11% in December. Then, the level of increase that should be applied to the allowed billing values ​​in each category is 52.67%.

Thus, it is possible to estimate that the maximum billings to be in the scheme will reach $ 3,969,420 (service activities) and $ 5,648,790 (monotax dedicated to commerce). Having higher incomes will force taxpayers to leave the monotax system to go to the general regime.

In category A, the lowest, you can have income of up to $ 564,879, while in category B the cap will be $ 839,685 per year.

New scales of monotax 2022

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Meanwhile, the values ​​of what is paid monthly, adding the tax component and the contributions to social work and the retirement system, have been in a range of $ 2,646.22 since July (category A, whatever the activity) to $ 19,912.74 (category K, only admitted for commerce). And next year they will be located, with the readjustment, in figures of between $ 4,040 and $ 30,401, approximately.

In any case, the AFIP is promoting the approval of a bill that seeks to free those in categories A, B and C from paying the tax part of the monthly fee, which today in the lowest step is $ 228, 63. For now, that initiative, which was announced last October, has no scheduled date to be discussed in Congress.

Monotax: AFIP refunds

On the other hand, monotributistas who during 2021 have paid their monthly obligations in a timely manner for nine months, will have access to a one-month reimbursement of the tax component paid throughout this year. This was defined by the Federal Administration of Public Revenues (AFIP) through General Resolution 5100/2021 published in the Official Gazette.

The regulation specifies the conditions to access the benefit provided for small taxpayers, who pay the monotax through direct debit from a bank account or credit card. In this way, the measure reduces, exceptionally, from 12 to nine months of the year the condition to receive the reimbursement.

The reimbursement for those who have paid in due time and form for at least nine months will be automatically credited to the bank accounts or credit cards attached as a means of payment, by each of the compliant taxpayers.



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