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Government rules income tax changes to take effect in July

Broadcast United News Desk
Government rules income tax changes to take effect in July

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president Javier Miley The regulatory decree was signed last Friday Income Tax It was published in the Official Gazette on Monday.. So, starting from Tuesday The fourth tax It was approved in late June as part of a fiscal package being discussed in Congress.

According to negotiations with the opposition, Lowering the minimum for a single person to $1.8 million would net about $1.5 million; someone with two children would need $2.2 million, netting about $1.95 million.

Previously, the tax-free minimum limit was equivalent to 15 Minimum wage ($234,315.12), for a total of $3.5 million since July.

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The tax will take effect in July following the publication of the decree and will be reflected in Salary to be received in early AugustThis is one of the pending measures, after the suspension of the rule is approved. Whitening yes Private property.

Millions of workers will pay income tax again

With this measureAbout one million workers Those who have been exempted so far will begin Taxes are paid at rates ranging from 5% to 35%.

Los Angeles New payment amount For someone who gets an exemption today, their salary would start at about $3,000 per month and go up to $60,000 per month, and would be over $100,000 per month for someone with a gross income of over $2,500,000.

It should be noted that payments received by workers, such as overtime pay, bonuses, long-distance travel expenses (truck drivers), expenses in the Patagonia region, remain inIncluded in tax calculation.

Updates to the non-taxable minimum limit will be made quarterly during 2024 and then semi-annually from 2024 onwards Consumer Price Index (CPI).

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