The Federal Public Revenue Administration (AFIP) specified the tax measures announced by President Mauricio Macri and noted that they will "focus on short-term relief to generate an impact on the pockets of the dependent employee and the self-employed worker", as well as "improvements for SMEs«.
1) Employees in dependent relationship: reduction of income tax withholdings.
2) Self-employed: 50% reduction in advance payments of Income Tax for October and December.
3) Monotaxists: exemption from payment of tax component in September.
SMEs
4) Extension to 120 installments of the plan for overdue debt.
5) Increase of number of plans of the Permanent Plan for current debt.
6) SSiper scoring will no longer be applied for granting plans.
7) Suspension of embargoes for 90 days.
Employees
It will be updated Non-Taxable Minimum and special deductions with the aim of increasing by 20% both concepts for employees in an employment relationship.
The increase will be applicable for the whole of 2019, and the aim is to "align the index with the pace of inflation," the AFIP reported.
The latest update was 28,3%, the agency added.
For the months that have already passed, the balance will be returned in favor in the coming months
The refund will be made reducing the withholding tax on profits for the coming months.
The AFIP will regulate withholdings, which is the only thing it has authority over, but to apply a real increase in the non-taxable minimum, the special deductions, the resolution that the AFIP will issue "will need approval from Congress," the organization said.
The universe reached will be 2,3 million CUITs; that is, 1,9 million active workers plus 400.000 retirees.
The gross salary from which a single worker will begin to pay Income Tax will be 455.376 while a married employee with two children will begin to pay taxes from $70.274.
SMEs
Currently the Comprehensive SME Plan for overdue debt It allows the liabilities of the "backpack" to be financed in 60 installments and only what matured up to April 30 can be incorporated.
The measure announced by Macri consists of increasing the limit of 120% fees and expand the universe of obligations achieved, allowing it to be possible enter debts due by Thursday, August 15.
The term of Presentation is extended to next October 31st, and the first installment is due next December.
The down payment is 1% of the debt to be entered with a minimum amount of $1.000.
La Interest rate may not exceed the limit of 2,5%.
Current Broad SME Plans may be financed to convert them into plans of up to 120 installments under the new credit conditions.
The universe reached is 400.000 CUIT and the payable SME debt that can be deferred is $35.660,1 million.
Current debt
The aim will be to increase the capacity of SMEs to finance the current flow, increased the number of plans available in the Permanent Plan from 6 to 10.
For Taxpayers who are not categorized as SMEs, the application of the scoring system known as Siper for determining the number of plans and the financing rate will be suspended until the end of the year.
Now, the taxpayers They will be able to have 3 plans of payment facilities at the same time.
In addition, unregistered taxpayers They will also not have a differentiated rate according to the Siper rating.
The universe reached will be 265.000 CUITs; the total expected Permanent Debt is $117.441 million.
Detail of the tax measures
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