Los workers in a dependency relationship that pay the tax on Profits
they will have a return with the payment of their September salaries to be collected in October, because a proportional to the half bonus for the withholdings they had in July and August. According to the Government, it will imply a 10 percent improvement in income for more than 700 thousand people.
The refund of the proportional amount for the withholding of Income Tax It must be collected with the salary for the month of Septemberwhich is paid up to October 5thas indicated by the Government, which also detailed that the salary receipt must appear as “Refund Decree No. 473/23.”
In addition, workers in a dependency relationship must be return the second installment due to the increase in the tax scales of Decree 415/2023, whose first return was with the August salaries that were collected in September. “Both benefits add up to an improvement in the out-of-pocket salary of 7 to 11 percent, depending on the salary level,” they indicated.
In the Ministry of Economy they also recalled that with the october salary that will be received at the end of this month or at the beginning of November workers will stop paying profits completely, due to the validity of the modifications announced by Sergio Massa weeks ago, which sets the floor for the payment of Profits at 15 Minimum, Living and Mobile Salaries.
Before Thursday the 5th and with the collection of September salaries, workers in a dependency relationship will be refunded the proportional amount of the half bonus of the withholding of the income tax. Profits that they carried out in July and August. The amount must appear on the salary slip as
“Return Decree No. 473/23”.
Refund of Income Tax for half a Christmas bonus: how much will it be?
According to the calculation, for a gross salary of around $800,000, Earnings returns total around $92,000.
On the other hand, for a remuneration of $900 thousand the amount rises to $93,000; while for salaries of $1,000,000 it rises to $94,500; and for $1,100,000 it represents around $96,000.
In parallel, With the October salary, the tax will no longer be paid completely for workers who earn up to 15 minimum wages.around $2,000,000, one of the measures adopted by Massa to stop the fall in purchasing power as a result of the devaluation after the PASO that exacerbated inflation.
Starting in October, only those workers who have salaries in a dependency relationship that exceed $1,982,000 will pay Earnings.
