The rejection of the 2022 Budget does not reduce or eliminate taxes

The rejection of the 2022 Budget does not reduce or eliminate taxes

Photo: Gustavo Amarelle

The refusal of the opposition to accompany the Budget 2022 and its rejection of the bill in Congress it does not reduce or eliminate taxes, national government sources assured this Saturday.

“Some opposition deputies justified their rejection by saying that they wanted to avoid a tax increase or to grant certain powers to the Executive but the Budget did not establish any tax increase, so their rejection does not imply any tax reduction,” they explained. to Télam the official sources.

“In relation to Personal Assets, they said they were against the delegation of powers and that with the rejection of the budget Differential aliquots 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 of establish higher aliquots that tax goods abroadthey recalled.

The non-approval of such an extension does not affect their validity, which were established by Decree 99/19, which does not expire, they specified.

On the other hand, they indicated that “in relation to export duties, a renewal of the powers to set the ceilings provided for in the Solidarity Law was included in the Budget; when these ceilings fall the Executive returns to the situation of 2019, is say that there will be no cap “and, thus, will now have the powers to eventually increase them.

Although the power to tax, deduct and modify export duties on Argentine merchandise belongs to the PEN, the Law of Social Solidarity and Productive Reactivation established, in its article 52, that the export duty rates could not exceed in any case 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, like the benefits for free zones and companies like Impsa, Invap and Ieasa “.

The Budget 2022 project 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 impression that they did not know what they were voting for; in reality the impact on tax matters is different,” the sources concluded.

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