What are the advantages for single-tax payers: they have promulgated the Law on tax relief

The government has enacted the Tax Relief Act and AFIP has implemented the changes that go into effect this month and that includes 4.5 million single-tax payers.

The General Resolution of the AFIP specifies that:

*The recategorization semiannual will be enabled from 11 to 29 July The payment deadline of the monthly bond will be extended to 27 July

* Expand the maximum billing limits by single tax category. This prevents many Monotributors from having to upgrade and pay a higher monthly rate.

* The maximum billing amounts for categories A, B, C and D are updated by 60% and the remainder from E to K, by 29.12%, based on the change in social security mobility in the first and second quarter of these year, keeping the value of the monthly payment unchanged.

* Tax exemption for 1.7 million people registered in categories A and B who do not receive other income (for example they do not have a job in an addiction relationship or receive a pension).

In the case of self-employed workers, the special personal income tax deduction has increased from 2 to 2.5 times.