“In relation to Personal property, said they were against the delegation of powers and that with the rejection of the budget the differential rates for goods abroad were eliminated, but this is false because it will continue to be paid because the non-approval of the article that grants the power between 2021 and 2023 to set aliquots does not imply that the decree that was already used falls, “the sources specified. Therefore, they assured that “the same rates are still in force.”
Article 82 of the majority opinion established the extension of the delegation of the power to the PEN to establish higher aliquots that tax assets abroad, they recalled. The non-approval of such an extension does not affect the validity of the same, which were established by Decree 99/19, which does not expire, they specified.
On the other hand, they indicated that “in relation to Export rightsA renewal of the powers to set the limits provided for in the Solidarity Law was included in the Budget; When these caps fall, the Executive returns to the situation of 2019, that is, there will be no cap “and, thus, it will now have the powers to eventually increase them.
Although the power to tax, deduct and modify the export rights to Argentine merchandise belongs to the Executive Power, the Law of Social Solidarity and Productive Reactivation established, in its article 52, that the rates of export rights could not exceed in any 33% of the taxable value or FOB.
Given that this article expires on December 31, 2021, by not approving the 2022 Budget project where said limits were extended, the Executive Power will now have the powers to increase export duties.
In addition, They remarked that “there are many tax reductions that cannot be made by decree; and since the Budget is not approved, they cannot be specified, such as benefits for free zones and companies such as Impsa, Invap and Ieasa.”
The draft Budget 2022 provided for the extension of national taxes and specific allocations; Thus, the refusal to approve it does not eliminate these taxes or modify the specific allocations in force; and it even impacts state-owned or majority state-owned companies that will not see their tax burden reduced.
“It gives the feeling that they did not know what they were voting; in reality the impact on taxation is different”, the sources concluded.