The Chamber of Deputies approved the Bases Law and the fiscal package, the first law of Javier Milei’s government, and The reform of Personal Property ended with 134 affirmative votes, 118 negative votes and three abstentions. It includes a reduction in the tax rates.
Those who voted against, in addition to the deputies of Unión por la Patria, and the left Fein Paulón, De la Sota, Acevado, Jorge Ávila, Fernando Carbajal, Carrizo, Coletta, Coli, Juliano, Manes, Emilio Monzó, Florencio Randazzo and Tavela. While Frade, Nicolás Massot and Margarita Stolbizer abstained.
The Federal Public Revenue Administration (AFIP) will activate the mechanism for the liquidation of the Income Tax and Personal Property Tax. The original text of the tax package established that Profits pay from a pocket salary of $1,400,000 for a single man without children and was reestablished.
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How can I pay personal property tax at AFIP?
The opinion of the Budget and Finance Commission changed what had been sent to the Senate, also article 111 that obliges the Executive Branch to send within 60 days a Law to establish cuts in special regimes and VAT.
The main points of the project indicate that The new floor will go from $27 million to $100 millionthe deduction for the family home will be $350 million. And as for the tax returns with assets until the end of 2023, the rates will be between 0.5% and 1.50%. Between 2024 and 2026, only two rates between 1.25% and 1.50% will remain in effect, and from 2027, a single rate of 0.25%.
Regarding the Special Personal Property Tax Income Regime (“Reibp”), it allows taxes to be paid until 2027. Finally, the Reibp will be optional and voluntary. The 2023, 2024, 2025, 2026 and 2027 tax of 0.45% may be paid. AND, Those who enter the money laundering system will be able to do so at 0.5%, those who are beneficiaries will not have the need to present sworn declarations during that period.
Luis Caputo celebrated the approval of the Bases Law and fiscal package in Deputies
The Minister of Economy Luis Caputo welcomed the approval of the Ley Bases and the fiscal package, which includes the restitution of the personal Income and Property tax. He published a message on his X account (formerly Twitter) where he congratulated the leaders “who worked so hard these 6 months to reach an agreement.” In turn, he extended his gratitude to politicians “who care about people.”
“Congratulations to our leaders who worked so hard these past 6 months to reach an agreement and thanks to all the politicians who care about the people,” were the words of the head of the Treasury on social media accompanied by emojis of Argentine flags.
During the early hours of the morning and after a marathon session, Congress approved the reinstatement of the fourth category of Income Tax, one of the most relevant points of the Bases Law and the fiscal package that represents good news for the minister is already increasing the coffers. public with the new tax.
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