The reformulation of Income Tax that appears in the fiscal package (“Relevant Palliative Fiscal Measures”), which is tied to the “base law”, would mean for Córdoba to receive more than 12 billion pesos per month.
If the sanction of the law is finalized, which will begin to be discussed this Monday in Deputies, the management of Governor Martín Llaryora would receive an amount similar to that which the Anses should send monthly to the Retirement Fund of Córdoba, but which has not sent a peso since Javier Milei governs.
The “base law” and the fiscal package would be the first laws that Congress approves for the libertarian administration. One of the issues contained in the fiscal package is the reversal of the Income Tax.
This tax is still in force, but last November, the then Minister of Economy, and presidential candidate, Sergio Massa, set such a high floor to begin paying it (15 minimum wages), that now it only reaches 90 thousand high-income workers. .
With the modification that would be approved with this new rule, singles who earn up to 1.8 million pesos will once again pay Earnings, and married people who earn up to 2.2 million pesos.
There will be 800 thousand workers who will be reached after this reform, and these resources can be shared with the provinces.
According to the calculation made in the Civic Center, if the Profit review is completed, Córdoba would receive about 12 billion pesos per month.
To measure what this income would mean for the provincial coffers, it must be said that these resources will be enough to cover the red of the Retirement Fund, since for four months, Anses has not transferred funds to the 13 provinces that did not transfer their pension systems to the Nation.
Due to a decision made by the Minister of Economy, Luis Caputo, endorsed by President Milei, since he assumed the libertarian administration, the Anses transfers to the interior pension funds were cut off.
The current Budget Law (27,701) indicates in its articles 92 and 93, exhaustively, that “the Anses must send an amount equivalent to one twelfth of the total amount of the last annual deficit (2019), provisional or definitive, formed to each of them. Each monthly advance will include its update in accordance with the variations in the retirement mobility index of the Argentine Integrated Pension System (Sipa).”
The calculation they make in the Retirement Fund, this month they should have received 11,322 million pesos.
At the time, the then governor Juan Schiaretti filed a lawsuit against Anses before the Supreme Court, claiming the debt for the 2020-2022 period. He then filed another lawsuit for failure to update shipments for the year 2023.
Llaryora has not said anything so far, but he does not rule out also appealing to the Supreme Court, after the “May pact” that will be finalized in Córdoba, on May 25.
The claim will also depend on the approval or not of the “base law”, and above all, on how the political relationship between the Civic Center and the Casa Rosada evolves.
Opposition
Beyond the fact that the Income Tax reform will bring more resources to the provinces, Llaryora himself and several governors – especially the Patagonian ones – opposed these changes, arguing that it will impact the sector of workers with Higher wages, in other words, another slap in the face for flagging consumption.
Llaryora promoted that the Nation participate in other taxes, such as Check and Country taxes, but the Government opposed it.
The “base law” could have half a sanction on Tuesday, but there are many doubts about what happens in the Senate, where Kirchnerism is strong with 33 senators.
