The Government postponed the fuel, electricity and gas increases planned for May

The Government postponed the fuel, electricity and gas increases planned for May
The Government postponed the fuel, electricity and gas increases planned for May

In the midst of the debate over the Bases Law in Deputies, the Government of Javier Milei decided to postpone the increases in electricity, gas and fuel planned for the month of May with the aim of maintaining the slowdown in inflation.

Both ENRE and Enargas did not publish the tariff tables corresponding to the month of May, which were already stipulated in advance, after the strong increases applied during the first four months, which reached 200% in electricity and more than 300% in gas; water rose 209% and public transportation, 410%.

In turn, the Government must also approve the “seasonal programming” of the Wholesale Electricity Market Administration Company (Cammesa), which contains winter energy prices. This decision by the Government had already been taken with the increases in rates at the beginning of the year, to avoid a new jump in inflation.

Increase in gasoline: how much fuel will start to cost

In this way, during the fifth month of the year, the pumps will suffer a new increase, which will take the liter of super to around $61.82 above the current values ​​and that of diesel to around $42.07, which would mean an increase of 12%. and 7.5% respectively.

Thus, next month the fourth and final update of the taxes that had been postponed since July 2021, in the government of former President Alberto Fernández, will be carried out, accumulating an average increase of 51.3% so far this year. .

The manager of the Confederation of Marketing and Hydrocarbons and Related Entities (CECHA), Guillermo Lego, told TN that it is still “early” to estimate the increase, since oil companies must analyze other variables.

One by one, the titles of the fiscal package approved in the Congress

  • Moratorium on tax debts: establishes the possibility of voluntarily paying various obligations due until March 31, 2024, with a period of 150 calendar days from their validity. The benefits will vary according to the mode of accession and the type of debt.
  • Money laundering: up to $100,000 can be laundered free of charge. Amounts that exceed this limit will have progressive rates of 5%, 10% and 15%. More than 100 thousand dollars can also be laundered with a 0% rate if the externalized money is deposited in a special bank account and leaving it immobile until December 31, 2025.
  • Changes in the Tax on the Transfer of Properties of Natural Persons and Undivided Estates
  • Reforms to the Personal Property Tax
  • Income Tax Restitution
  • Modifications to the Monotax: The annual billing limit to be a monotributist will increase to $68 million. Likewise, the income limits allowed in each category of the table will be raised by more than 200% in all cases. Meanwhile, an increase is contemplated in the monthly amounts paid by monotributistas for the integrated tax and for contributions to the retirement and social work regime.
  • Relief for small taxpayers
 
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