The new monotax regime has been approved | Update …

The Senate approved the bill promoted by the Federal Administration of Public Revenue (AFIP) to modify the monotax regime. The law updates the ceilings in each category and creates a bridge to facilitate entry into the general scheme.

During the treatment of the project in the Upper House, Senator Carlos Caserio, head of the Committee on Budget and Finance, considered that the reform of the law on the monotax “is very good news for 3.7 million people who take refuge in this regime “. “It is a project that will bring more income and will result in economic movements along with greater consumption. The reform will be a contribution so that the State has more resources and will reduce public expenditure because it will have less. needs to be met. ”added.

The standard seeks to “facilitate the transition between the simplified regime for small taxpayers (monotax) and the general regime (taxpayers affected by VAT and gross income) both administratively and in terms of the amount of obligations they have to face, reducing the burden of taxpayers excluded from the regime simplified and update the ceilings for each single tax category, they have not yet done so due to the suspension of the pension mobility index, ”they explained from AFIP.

To update the monotax scales and the amounts corresponding to the period 2020, the variation of the minimum number of pensions and pensions for this year will be taken into account, because the update that was used until last year , which was retirement mobility, was rendered ineffective. This percentage increase in scale and amounts would be 35.3%.

The initiative establishes that for monotributists who, in 2021, have exceeded up to 25% of the turnover limit that defines the highest category, they will be offered the possibility of remaining in the same category without having to switch to the general regime.

On the other hand, taxpayers whose invoicing is exceeded by more than 25 percent will be able to access the new “transitional procedure for accessing the general system”. This mechanism allows them to benefit from a VAT deduction for certain specific operations and they can also deduct from the payment of income tax the amounts of acquisitions directly related to their taxed activity and an additional deduction. In total, the taxpayer who voluntarily switches to the general scheme benefits from four years of VAT reduction services.

The government’s argument to facilitate the transition to the general regime is that “the monotax was conceived as a regime of transition from informality to formality and ended up being a mechanism of under-reporting. taxpayers. For those who come from the monotax, going until now to the general mode was a leap into the void. “