The fiscal package had an opinion and there were changes in Profits at the request of the opposition

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The ruling party managed to sign a majority opinion this Thursday in the Budget and Finance Commission of the Chamber of Deputies, which enables the treatment in the chamber of the fiscal package, which includes the reversal of the Income tax for employees, a moratorium, a money laundering, in addition to promoting changes in the monotax and the personal property tax.

In this way, the Executive Branch fulfilled its purpose of tying the discussion of the fiscal package that, among other things, means more resources for the provinces, with the Bases Law, one of its main political objectives.

The rule discussed under the title “Relevant palliative fiscal measures” will be discussed next Monday from 11 in the morning together with the Base Law.

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Milei Government: the fiscal package had an opinion

The agreement required countless meetings and the ruling party had to make several concessions to obtain the necessary votes, including La Libertad Avanza, the PRO, a sector of radicalism and the We Make Federal Coalition coalition. The official proposal achieved 27 signatures, 7 with dissidents

The Unión por la Patria bloc and the left-wing parties signed opinions rejecting it.

To achieve this result, the Government agreed to reduce the Income Tax update from annual to semiannual, which in the original project was annual. The adjustment will be made through the variation of the Consumer Price Index (CPI) prepared by Indec.

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In addition, the value of the non-taxable minimum of $1,800,000 for singles and $2,200,000 for married people will be valid until August and the Executive Branch will have an increase from September as a buffer.

The Government also accepted that the resources with specific allocation of trust funds that are eliminated pass to the co-participating mass and do not go as additional resources to the National Treasury.

Likewise, PRO deputy Germana Figueroa Casas communicated a series of modifications that were agreed upon with other blocks. Among them, it stands out that monotributistas excluded from the regime since January 1 for exceeding billing will be able to return without having to wait the three-year period imposed by law.

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At the same time, he also indicated that the minimum rental range was raised, which was now worth $120,000 per month. On the other hand, the elimination of the social monotax was maintained.

Casas added that a benefit was added for the compliant taxpayer of a half-point rate on Personal Assets, which leaves it to their evaluation to advance the payment as proposed by the rule or to continue paying regularly.

Meanwhile, the deputy for Unión por la Patria Carlos Heller crossed Casas and warned that his party was not aware of those deliberations that ended in the announced agreements. Along these lines, several legislators from Unión por la Patria also denounced the text that was delivered to them minutes before the discussion began.

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The Government also accepted that the resources with specific allocation of trust funds that are eliminated pass to the co-participating mass and do not go as additional resources to the National Treasury.

For its part: the We Make Federal Coalition bloc led by Miguel Angel Pichetto, supported the ruling party’s proposal but signed in dissent and proposed taxing gambling and a “tax restructuring” proposal of 2% of GDP.

Regarding the other proposals such as the moratorium and money laundering, the opinion was approved practically without changes in relation to the drafts that had circulated. The changes were focused on the wording of some chapters on money laundering to avoid money laundering maneuvers. In this way, assets for up to US$ 100,000 can be deposited without any type of penalty, a figure that is extended if the money is deposited until December 31, 2025 in special accounts.

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The approval of this project is essential for provincial finances, since 60% of the new resources generated will be shared.

For taxpayers, one of the measures with the greatest impact is the tax moratorium that will allow debts due until March 31 to be entered in the midst of a context of strong economic recession and a drop in the level of activity.