Despite government warnings about the consequences in a fiscal excess, thanks to opposition pressure and governors, the Senate approved a change in the retirement formula that intend to finance it by collecting a tax.
A few hours before the session and with the intention of changing the vote, President Javier Miley said that in case of approval, the project was going to impose a veto in the absence of “87 heroes” in the Chamber of Deputies to pursue him, being unconstitutional: without a source of funding.
But the project, which released half the sanctions of the lower house and yesterday, approved the Senate, determines the source of financing, so that retirement increases by 7.2% – over the lag in 2024 – and the bonus increases from 70 thousand to 110 thousand dollars plus a monthly renewal within two months of inflation delay.
“The draft subsection f) Article 2 of Law 25.239, which replaces the point 18 subsection h) Article 7 Decrees 280/1997, which regulates the legislation on value added (Law 23.349). Similarly, the reliability of paragraph 18 of the subsection h) Article 7 Decrees 280/199 ”is not restored in Article 9.
This means that an increase in retirement will be funded by collecting value added tax (VAT) to the fees of companies. As well as to eliminate exceptions and VAT profits for mutual guarantees contracts.
Being sources of financing, which generated notification among sprouts consulted by the chronicle, which claims that modifications will have a neutral or even negative impact on tax collection by the national treasury.
“The fact that the directors of the company pay VAT for their fees implies that the company that pays the descent of the same tax on their own indication of the affide, so the effect is neutral,” said accountant Marcos Feliche.
Which, in turn, argued that modifications would allow the company’s directors to withdraw taxes and acquire loans to date related to tax activities. “Today, all VAT paid by directors cannot count on this, so in these cases the arch input will be less,” he added.
In the same position was the accountant Elizabeth Piantentini, who described him as a “conceptual mistake” to think that the graphs of corporations or SRL can finance the increase in pensioners.
“Today, the honorary director pays income tax, but is exempted from VAT. With these changes, he will now issue the company’s accounts with VAT, which will pay him, but he will be deducted from the VAT, which will give him a fee to Arca, ”he said.
For Piancentini, the collection effector will be zero or even worse, which can still be negative, since the director of the company in the case of expenses (buying a computer to perform its work) can discount accounts.
“There are not many directors who are paying at the expense of companies for companies. We know that there have been a lot of recently, so we do not see that this is a route where you can get a large collection, ”he said.
What was involved in the numbers of Ghirardotti & Ghirardotti partner, Mariano Giradotti, who commented that if the director of the company put up to account 100, now he will do it from 121 to add VAT and the company will pay it, but he will stop paying them the last to them, so this is zero.
Influence on SMEs
The second financing route found by the Congress to provide an increase in pensioners is to be taxed on mutual warranty societies (SGR), which prevent light in the entrepreneurial world and small and medium -sized enterprises (SMEs).
“I would greatly affect them, because SGR pays tribute to those companies that are at the stage of production and growth, not having the opportunity to get a guarantee in other places. Remove the release from the SGR that perform this function will be a big mistake, ”said Piantentini.
