The new non-taxable income tax minimum for the fourth category of $330,000 per month began to take effect from this Tuesday and will benefit approximately 380,000 workers in a dependency relationship.
The rise of 17.5% with respect to the previous non-taxable minimum, It was made official last week with the publication in the Official Gazette of decree 714/2022.
The standard also provided Earnings exemption to Christmas bonus up to the sum of $165,000in the event that the monthly average of the sum of the annual salary does not exceed $330,000.
Likewise, the decree indicates that those who earn between $330,000 and $431,988 per month will have an “additional tax deductible amount” that will be established by the Federal Administration of Public Revenues (AFIP) in a subsequent regulation.
This means that the AFIP will establish a lower deduction for the first segments of income that qualify for the payment of the tax.
Secondly, the amount of remuneration or gross credit was increased from $280,792 to $330,000 for the purposes of the Christmas bonus exemption.
