In June, workers under a dependency relationship receive the first complementary annual salary (SAC).
With only a few days left before the new moon begins, June will begin on the Wednesday of next week and in addition to marking the half point of the year, this is the month in which workers under a dependency relationship receive the first additional annual salary (SAC). And around this extra payment many questions have been generated, the most consulted these days is whether the Christmas bonus pays income.
And the answer is yes, depending on the income of each worker. That is, those, after the last round of parity increases, exceed the floor where Profits are taxed, which is currently $ 225,937 of monthly total income, will be covered by tax and their Christmas bonus will also be covered. taxed.
For this reason, within two weeks the president of the House of Deputies, Sergio Massa, demanded that Minister Martín Guzmán raise the floor to $ 265,000, an amount that would allow them to maintain the balance to they only pay taxes the same number of workers and retirees projected in the 2022 budget.
Originally, in 2021, the salary amount was $ 150,000, later adjusted to $ 175,000, allowed 1.5 million workers to stop paying Income Tax: of 2.3 million employees in 2020, and by 2021 approximately 950,000 were taxed. Massa proposes a further increase in the “floor” on which the tax is paid to keep constant the percentage of workers dependent on taxpayers reached by that tax withholding, which is 10%.
“Although the Government has indicated that they are studying the increase in the amount taken as the basis so that employees do not pay income tax and the basis for considering SAC exempt, it does not know the date of its implementation or the new value, “he indicated. tax specialist Sebastián Domínguez, from SDC Tax Advisors. And in that sense, he added: “In our opinion, the value should be updated from $ 225,937 to $ 315,000, or about 40% considering April inflation of 23% and the estimate for May and June, inclusive, of 6% per month ”.
From what amount, the Christmas bonus is taxed Earnings – ieco web load
What treatment can an income tax SAC have?
SAC can have three treatments:
– Fully taxable
– Completely exempt
– Part exempt and part is taxable
How is CAS treatment determined?
To determine the treatment of CAS, first, it is necessary to establish if the average of wages and/or total monthly salary of the annual fiscal period exceed or not exceed a total of $ 225,937.
If the average monthly salary and/or total salary for the annual financial period exceeded $ 225,937, then fully taxed the SAC for tax. On the other hand, if the aforementioned average does not exceed $ 225,937, then SAC is exempt up to that amount.
What concepts should be considered as compensation and/or monthly total salary?
This should be treated as compensation and/or total monthly salary in all amounts received monthly, in money or in kindregardless of their denomination, whether they have natural compensation or not, for the purpose of determining contributions and contributions to the Argentine Integrated Social Security System or similar provincial or municipal regimes.
Concepts should be considered regardless of the treatment they have on income tax. That is, both taxable and exempt and non-taxable concepts will be considered.
The only concept that should not be considered to establish compensation and/or total monthly salary is the SAC.
How is treatment determined on the earnings of the first stage of SAC if the rule indicates that treatment is dependent on the monthly average of the entire year?
“This is one of the problems generated by the 2021 reform,” Domínguez explained.
When the first installment of the SAC is paid, the average salary and/or monthly total amount will be known. of the months elapsed from January 1 to the date of payment.
Then for determine the treatment should be done on average of wages and/or total monthly salary of the months elapsed in the year and, based thereon, provide “provisional” treatment in the first stage.
If the average exceeds $ 225,937, the first installment will be considered “temporary” taxable and the employer must withhold income tax on it.
If the average does not exceed $ 225,937, the first installment will be considered “temporarily” exempt up to the amount of $ 112,968.50.
Let’s look at two examples of this last case, to which the exemption applies:
Case 1: the SAC will be paid at 6/30.
- Remuneration and/or average monthly total salary of the first 6 months of the year: $ 200,000.
- First installment of SAC: $ 110,000 provided that in April 2022 the compensation was $ 220,000 as a result of commissions paid to the employee.
- The bonus fee for $ 110,000 is completely excluded as it is below the $ 112,968.50 limit. ($ 225,937 divided by 2)
Case 2: the SAC will be paid at 6/30.
- Remuneration and/or average monthly total salary of the first 6 months of the year: $ 220,000.
- First installment of SAC: $ 150,000 since April 2022 the payment is $ 300,000 product of commissions paid to the employee.
- Exempt Christmas bonus fee: $ 112,968.50. Christmas bonus tax paid: $ 37,031.50 ($ 150,000 – $ 112,968.50.
Can income tax be withheld for the first installment of SAC but then exempt it?
Yes, it can happen.
When is the 2022 Bonus charged?
The Bonus is divided into two payments: half a Christmas bonus in June and another in December. Each half bonus is matched 50% of the maximum monthly salary received of the worker during each semester.
According to the provisions of Law 27,073, the first installment is paid on the last working day of June and the second installment on the last working day of December.
For this reason, the first installment of the SAC must be paid by June 30.
YN
Source: Clarin
