Savings dollar: starting tomorrow will begin the return of 35% retained in the Profit account

Employers will start restore this Friday perceptions of 35% Income Tax that employees are kept in a dependency relationship in 2021 as a withholding on the account.

Keeping it may be due to both the purchase of savings or solidarity dollars, about all operations performed with a card in foreign currency, such as paying for streaming services such as Spotify or Netflix and even overseas purchases.

To receive the money withheld as Earnings, previously workers had a period of time (generally it was one month, but in this case it was extended until April 13) to complete the Form F572Webthrough the system SiRADIG.

In this regard, tax specialist Sebastián Domínguez detailed five keys to consider at the time of return:

When will 35% of 2021 income be returned to me?

AFIP General Resolution 4003 establishes that employers must make an annual Income Tax settlement until the last business day of April of the year following the corresponding period. This annual liquidation may show that the money must be kept or returned as part of the salute.

maintenance or refund This must be made on the first payment after the date when the settlement was made and until the last business day of May. Consequently, the employer has until tomorrow, April 29, 2022, to make the annual settlement of Income Tax and return insights to the employer, when applicable, on the first payment they made and until May 31, 2022 at the latest.

Can my employer delay the return of 35% of income?

Employees usually have time to present the Form F572Web of the previous year before March 31 of the following year. Consequently, the employer has all the APR to make the arrangements annual tax from the previous year.

This year, AFIP extended the term and employees had time until April 13, 2022 to file 2021 Form F572Web. This only leaves employers 10 business days, instead of 19 business days, to make the arrangements.

Those employers who do not make repairs on time, may delay several days assuming contingencies are is the possible application of fines and labor claims. AFIP must extend until mid -May the deadline for making annual settlements.

Will all income I reported on Form F572Web be refunded to me?

Employers must make annual settlements and return, if applicable, the views of 35% up to the tax limit they withheld in 2021.

Meaning, they will not return the whole of reported insights. Each particular case must be examined.

Are only perceptions of 35% considered in the annual settlement?

in the annual agreement Taxes not only the perceptions of 35% are taken into account reported by employeess but also other information Yes: the remaining deductions, family charges, account payments, among others.

Can my employer withhold Income Tax for 2021 even if perceptions of 35% have already been reported?

It could happen that the employer withhold tax variance even perceptions of 35% have been reported. This is because the the annual settlement may result in the tax being stopped for the higher amount in the reported 35% perception. In those cases, the employer will retain the remainder.

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