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Income Tax: the AFIP heart rate updated the amounts not subject to withholding

The rule establishes that when the application of the tax results in an amount to be withheld less than $ 240, no withholding shall be made. The previous amount was $ 150.

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The AFIP heart rate updated the amounts not subject to withholding (iStock)

Through a General Resolution published this Monday in the Official Gazette, the AFIP updated the amounts not subject to withholding in the Income Tax for payments made as of next month . The rule establishes that when the application of the tax results in an amount to be withheld less than $ 240, no withholding shall be made. The previous amount was $ 150.

In addition, the minimum amount of the withholding when raised from $ 650 to $ 1,020, in the case of rentals of urban real estate received by beneficiaries not registered in the Income Tax. And it remained at $ 10,000 the amount not subject to retention for copyright.

The rule establishes that when the application of the tax results in an amount to be withheld less than $ 240, no withholding shall be made. The previous amount was $ 150

"Reasons for tax administration advise to modify the amounts foreseen so that they maintain the character of representative objective parameter of the different concepts subject to withholding," the AFIP heart rate explained in the text of the General Resolution, which bore the number 4525/2019. In this way, minimums not subject to retention were increased by approximately 57% for the applicable scales . As the last modification was applied on June 1, 2018, the adjustment was close to the inflation of the period.

"The resolution is updated by inflation parameters of fixed amounts that lead to the treasury, in advance until the time of maturity, is charging tax under the concept of withholding under the general regime of income tax withholding", explained Iván Sasovsky, from the Sasovsky & Asociados studio. This means that at the moment of making each payment to a supplier, the new valid values ​​should be consulted from the new General Resolution and retained accordingly .

"The problem is that with a year-on-year inflation of 55%, not having an automatic updating mechanism, let us continue to depend on the Treasury's willingness to collect taxes or not in advance," the specialist added.

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