Tuesday, October 3, 2023

The Profit reform project will have an opinion next Monday

The Income Tax Reform Bill have a favorable opinion next Monday in the Budget Committee of the Chamber of Deputiesbecause the meeting this Thursday where the officials will present will be informative, said deputy Carlos Heller (Frente de Todos).

Upon entering the headquarters where the information meeting will be held, Heller detailed the work plan that includes listening today to the Minister of Labor, Raquel “Kelly” Olmos; the head of AFIP, Carlos Castagneto, and Claudia Balestrini, official of the Ministry of Economy.

The president of the Budget and Finance Commission, Carlos Heller, said that today will be “an informative meeting” and “an opinion will be issued on Monday”.

Through the initiative, the tax is intended to fall only on the highest income

The ruling party intends to give it half a sentence in a session to be held on Tuesday next week, while the Together for Change (JxC) interblock has announced that it will vote against the initiative.

The project, announced this week by the Minister of Economy and presidential candidate for Unión por la Patria (UxP), Sergio Massa, creates a new income tax based on the equivalent of 15 minimum, vital and mobile wages per monthwith a progressive surplus rate ranging from 27% to 35% and updated with the SMVM value twice a year.

In this way, only 88,000 taxpayers will pay the tax, which represents less than 1% of the total salary, retirement and pension, “thus only reaching the maximum income from work in a dependency relationship and privileged retirement and pension.” , according to the foundations of the text.

World Nation News Desk
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