The Government announced yesterday the rise in the minimum is not Taxable Income Tax, which will represent a cost to the state tax of 3.245 billion pesos. Thus, a single worker paid from 5782 earnings of salary dollars, while married with two children, from 7998 pesos.
The owner of the AFIP , Ricardo Echegaray, said he will now only pay this tax to 10.8 of registered employees (802,400 employees). The two resolutions on the update of the tribute was published in the Official Gazette on Monday.
The measure will be retroactive to January 1. As this is a tax on annual basis, the advances already paid for the first quarter will receive a refund in the following months.
"They have to pay more earners. That is also why we are committed to a strong audit process, which is what allows us to continue growing in the collection of this tax, "said Echegaray.
The measure will be retroactive to January 1. As this is a tax on annual basis, the advances already paid for the first quarter will receive a refund in the following months.
"They have to pay more earners. That is also why we are committed to a strong audit process, which is what allows us to continue growing in the collection of this tax, "said Echegaray.
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