The Minister of Economy, Martín Guzmán, announced an increase in the floor of the Tax on Profitsaimed at workers in a dependency relationship and will be updated according to the evolution of inflation.
In relation to the estimates of the technical teams of the Chamber of Deputies, the new floor of this tribute It would go from 225,937 pesos to 265 thousand gross remuneration. The update of Profits It will be done through a decree.
The calculation of Profits It is determined based on the annual variation of the Average Taxable Remuneration of Stable Workers and the salary updates agreed by the employees during the current year must be considered.
The mandatory contribution will reach workers whose monthly gross salary exceeds 225,956.97, while previously it was considered from 175 thousand. Those who reach this minimum up to 260,580.64 in gross salary will have a special deduction, with a gradual value according to remuneration.
Martín Guzmán maintains that with the implementation of this adjustment it will be avoided that an employee with a higher gross salary receives less salary than another with lower remuneration due to the deduction of Profits.
The bonus is left out
Something important regarding the tax is that the Complementary Annual Salary or Aguinaldo will be exempt from the tariff for taxpayers whose average remuneration does not exceed 225,936.97 pesos during the second half of the year.
The tax on Profits It is a tax for individuals and companies, it is paid based on the income declared during the year and is divided into three groups: for workers, for companies and for those who have investments in Argentina even if they do not reside in the country.
