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October 29, 2021
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The Senate signed the Tax Relief bill into law

The Senate signed the Tax Relief bill into law

Senator Ricardo Guerra asked to debate the file just over 24 hours after it was sanctioned by the lower house and without going through commissions. (Photo: Senate Press).

The Chamber of Senators signed into law a relief of the tax debts that non-profit entities have, such as volunteer firefighters, neighborhood clubs, foundations, community organizations and micro businesses (MSMEs) and that was approved on Wednesday morning. Chamber of Deputies after an extensive session of more than 20 hours.

The decision to discuss the initiative was taken at the beginning of the session that took place on the night of this Thursday, after the Frente de Todos managed to impose the votes of two thirds so that the project is debated on a table.

The Riojan Peronist Ricardo Guerra requested to debate the file today, just over 24 hours after it was sanctioned by the lower house and without going through commissions.

Radical Julio Cobos said Juntos por el Cambio was interested in debating the issue, but asked for “time to study the project.”

Nevertheless, the ruling party made its vast majority weigh and the issue was put up for discussion as the last topic of the day, before debating the draft of the Youth Law.

The “tax relief” project includes debts past due until last August for a total amount of less than $ 100,000.

The initiative, which seeks fiscal relief and to give a clear signal for the exit from the pandemic, establishes that tax, customs and social security debts of less than $ 100,000 be forgiven for the entities that make up the National System of Voluntary Firefighters ( SNBV), provided for by law 25.054, and any other non-profit entity, including registered community organizations such as foundations, civil associations, simple associations and entities with municipal recognition.

It also indicates that the forgiveness covers the principal owed, compensatory and punitive interests, fines and other sanctions, and does not include the contributions and contributions destined to the National Regime of Social Work nor the quotas destined to the Insurers of Risks of the Work (ART).

In this case, payment plans are proposed that will have a term of up to 36, 60 and 120 installments, depending on the type of debt or taxpayer.

In addition, The moratorium for the exit of the previous facility plan is extended, taking into account the overdue debt until July 31, 2020, while including debts from August 1, 2020 to August 31, 2021.

The Riojan Guerra mentioned that the total figure that “will be redirected from the payment plans amounts to 564,800 million pesos.”

“That number is reached by adding the total liquid and payable debt, of 314,300 million pesos; and the debt pending payment by plans, of 250,500 million pesos,” said Guerra.

The Riojan senator added that “in this way, small taxpayers will be able to face the economic recovery without the burden of fiscal debts generated by the pandemic.”

Mendoza Cobos, for his part, reiterated that when the ruling party “proposed this issue on tables, from Together for Change it was said that we needed a reasonable time to study the issue and act as a reviewing chamber.”

“These measures apply tax relief, we know. It is a complex issue, but we are willing to accompany because we come from a pandemic, and one of the reflections of that was the quarantine, “Cobos mentioned.

For Mendoza “these are consequences of that” and he stressed that “the main problem is inflation, which is a structural problem.”

“We must have one-digit inflation, one-digit bank rates and unify the exchange rate,” he enumerated.



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