Tax relief for small taxpayers and the self-employed

New parameters of annual gross income for single taxpayers: increase of special deduction for self-employed workers in income tax.

By means of Law No. 27,676, enacted in a special edition in the Official Gazette on 07/04/2022, as well as its regulation through General Resolution (AFIP) No. 5,226/2022, new annual invoicing parameters were established as of 7/1/2022 for the various categories of taxpayers of the
Monotributo, as follows:

The aforementioned amounts will be considered for the recategorization corresponding to the first half of the calendar year 2022. The same may be made from July 11 to July 29, 2022, both dates inclusive, effective for the period from August 1, 2022 to January 31, 2023.
With respect to the monthly payment of the obligation for the period July 2022, the same may be made until July 27, 2022.

Additionally, it is added that single taxpayers who are included in categories A or B will not be required to pay the integrated tax. This benefit does not apply to income derived from public positions, employment, retirement, pensions or retirement, leasing of personal or real estate property, or any other type of income.
real estate. As from July 11, 2022, it will be possible to view it by accessing the “Registration System” service or through the “Monotax Portal”.
In addition, the special income tax deduction for self-employed workers is increased:

  • From 1 to 2.5 times in the case of net profits included in the third category provided that they work personally in the activity or company and net profits included in the fourth category, except those originated in a relationship of dependence, retirements, pensions or retirements;
  • From 2.5 to 3 times for self-employed workers when they are “new professionals” or “new entrepreneurs”.