The government is secretly preparing labor reforms Dramatic changes for monopolists, self-employed people and workers Profit and pay to companies through. new employment system and Employer contributions will be reduced by 8 points.
Economy Minister Luis Caputo assesses these amendments as follows: The purpose of “regularizing” employment, Based on recent conversations he has had with the private sector.
This is expressed in the document entitled “Reforms to formalize the economy, revitalize capital markets and solve pension sustainability”, which is analyzed as follows: Amendments to tax law and social security law.
According to official data, there are approximately 3 million registered single and self-employed people in Argentina. The idea of the Ministry of Economy is that Abolish the monotax system and move these taxpayers to the self-employed systema measure the Monetary Fund has been proposing for some time. In this way, search “Laundry” the dictator.
Fees will increase. Currently, the range is from $50,000 to $700,000. Valued in the $100,000 to $500,000 range. and Deductions for personal expenses will be valid.
Regarding VAT, a minimum standard has been set corresponding to monotax category F ($3 million per month).
Currently, 737,584 people pay income tax, of whom 640,837 are dependent employees (86%) and 96,747 are retirees and pensioners (14%).
The plan is Create a single tax-free minimum equivalent to Average salary in 2025 is $1.7 million. In the second half of 2025, single workers without children will start paying around $2,843,180 gross salary ($2,360,180 net).
With this change, “Approximately 3 million additional taxpayers will be added.” Who must present the bill? ”
Similarly, the aliquot scale is maintained between 5 and 35%. No fourth category deductions or family responsibilities. of The maximum deduction amount is $5 million. (Instead of the current $4.2 million) Expenses for food, clothing, housing, health, education, transportation (not public transportation), life insurance, and retirement benefits (with receipts). No limits for contributions to PAMI, social work, ANSES, and domestic staff.
For companies with dependent employees, Reduction of contributions and contributions to new employment relationships or workers who can prove they have been unemployed for six months and are former monopolists.
Therefore, employers hiring new employees will see their employer contributions reduced from 25.5% to 17%, and employees will see their contributions reduced from 17% to 13%.
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