The tax holiday would begin in July
The Senate approved the tax moratorium that will allow tax and social security obligations due as of March 31, 2024 to be paid in up to 84 installments with various benefits such as the forgiveness of all fines and up to 70 percent of the interest. for the balances owed, depending on the payment method. Once the law comes into effect, the AFIP will have 15 days to open registration. If Deputies deal with the package of laws within 15 days, it is assumed that the regulations should be ready by mid-July.
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Rising dollar
The official dollar also registers a rise. In your case the increase is 0.11%.
It is now trading at $882.00 to buy and $922.00 to sell.
The blue dollar rises
The blue dollar rises again. The increase is 0.82%
The quote is $1,235 for the purchase and $1,255 for the sale.
Currency black market
It is an alternative market where foreign currencies, mainly dollars, are traded outside the control and regulation of official financial authorities. This market is characterized by operating outside the law, which often results in higher prices compared to the official market. Its existence and prevalence are due to several reasons. Firstly, the relevant percentage of “black economy” in the entire national productive movement (to avoid paying taxes or directly as a result of illegal activities), which leaves many economic agents without the possibility of resorting to legal markets. Among its defenders, the influence of strict exchange restrictions imposed by the government, economic imbalances, and a growing demand for hard currencies as savings or investment mechanisms in the face of local economic uncertainty stands out. In addition to impacting the economic stability of the country, the black currency market represents a legal risk for participants, since transactions are carried out outside the banking and financial legal framework. Unlike the Blue Dollar, which refers specifically to the US dollar in an informal but relatively accepted context, the black market can include a variety of foreign currencies, and is often associated with less transparent and more speculative economic activities.
Wages, taxes and the dilemmas of Congress
By Raúl Dellatorre
After the approval in the Senate of the bill for tax measures in general, but with the rejection of Title V, two possible paths remain for the income tax. The project, voted with modifications, returns to the Chamber of Deputies, which must decide which one to follow. If you accept the Senate’s criteria with the changes introduced there, the income tax reform proposed by the Executive will be without effect, since the chapter that contains it was rejected in the particular vote. On the other hand, if the Lower House insists on the project to which it gave half a sanction to send it to the Senate, the income tax will be applied again this year on gross salaries exceeding 1.8 million pesos per month (in the case of workers without family responsibilities). It is estimated that in this way, some 800 thousand workers would pay the tax again, but they would exceed one million three hundred thousand before the end of the year due to salary updates, since that minimum taxable income of 1.8 million would not be modified until next year.
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The dollar maintains its price
So far this Friday morning the dollar has had no changes in its price.
The official dollar is at 881.50 for purchase and $921.50 for sale.
The blue dollar is trading at $1,225 for purchase and $1,245 for sale.
All the changes that the Senate made to the RIGI
Within the framework of the changes that the Omnibus Law underwent – which was approved in general and must return to Deputies – one of the most sensitive points and in which the Government was most interested was the Incentive Regime for Large Investments (RIGI). . That article had, broadly speaking, four modifications that were made in the debate in the Senate, among which stand out a mandatory national contracting and purchasing quota, and the cutting of benefits for some economic sectors in particular.
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The city celebrated the vote in the Senate and the IMF releases dollars
The approval of the 8th review of the Extended Facilities Program in force with Argentina frees the disbursement of 600 million Special Drawing Rights (SDR), equivalent to around 790 million dollars, an amount that exceeds the next amortization at IMF (July 2024) of approximately 645 million.
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The price of the dollar today
The official dollar is quoted at 881.50 for purchase and $921.50 for sale.
The blue dollar is at $1225 for purchase and $1245 for sale.
