Earnings: the doubts left after the announcements

The increase in the salary floor of Income Tax starting June 1 at $ 280,792 announced this Friday that it not only exempts from paying that tax those with a total salary less than that amount. It also exempts the half bonus from Earnings.

It is not clear what criteria were used to adjust the new value of the “floor”. Minister Guzman spoke about the inflation index and wage rate, he did not specify which seasons or months he was referring to and why he cited the fact that some joint signatures are still missing. Is the $ 280,792 final or can they be changed between now until the order is signed?

For his part, Sergio Massa insisted on keeping the number of workers reached by Revenues. Is $ 280,792 the amount that allows to keep the number of workers at the same level as at the beginning of the year?

At the same time, while the employer is proportionally making monthly income withholdings to the Christmas bonus, the increase in the salary floor – for those reached by this benefit – would indicate that withheld for Earnings from January to May equal to half the bonus remain as an amount in the account and at the last liquidation of the year the corresponding adjustments will be made. KAHIT should be included again in the payment of June salaries.

The decree should clarify this point because it alters the impact on the worker’s pocket.

For their part, those earning between $ 280,792 and $ 324,182 will pay Earnings on a smaller scale to avoid jumping in tax payments. And over $ 324,182 without profit and They will continue to be taxed as before.

In July, the numbers fluctuate as inflation continues to “do its thing” and salary increases agreed upon in joint ventures and for non -contracted employees will lead to a salary floor of $ 280,792 lacking again and should be updated in a few months, long before the end of the year.

On the other hand, those already covered by Profit for earning income above the salary floor will continue to pay more because the Non-Taxable Minimum (MNI) remains. at the same amount of January throughout the year, when inflation and wage projections exceed 65%.

For this segment of workers, the MNI is $ 112,682 monthly average for a single person without children and $ 149,063 monthly average for a married person with 2 children. It will pay Earnings for the difference between their income and those amounts, gap widening as revenue increases and those Minimums remain does not change between January and December.

Tax expert Cesar Litvin maintains that, considering inflation, the MNI and all deductions should be adjusted quarterly because those who barely exceed the salary floor pay Earnings from high rates, from 19% upwards and they quickly jumped to 35%.

The same happens to the self-employed because the MNI of this segment of independent workers or professionals It’s less and equal income pays a lot of revenue.

Misalignment of the self-employed

“Self-employed people expect income tax for withholdings made by their clients. The Treasury must change the Non-Taxable Minimums for these withholdings to equate them with dependent workers”, Said tax expert Marcelo D. Rodriguez.

The case of retirees and pensioners is different because they have MNI equal to 8 minimum assets which, since June, is equivalent to $ 300,200, of which they have automatic quarterly adjustments according to increases in the mobility formula.

This MNI applies if certain conditions are met, such as not receiving other income and not being covered by Personal Assets. However, the same “floor” salary amount also applies if this MNI of 8 minimum wages does not match them.

As can be seen, though they have same income taxes others are applied according to the category of worker.

NE