Monotribut: What Changes the IMF Demands of the Government and How It Will Affect Taxpayers
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11 Articles
Editorial Canal Abierto The International Monetary Fund again marked the court for Argentina. And, faithful to its style, in its latest technical report on the country, it explained what is the tax reform that suggests: less taxes for companies and exporting sectors, and more burden on workers. The proposal appears in the so-called staff report that accompanied the review of the current agreement with Argentina and proposes a medium-term tax re…
In its last staff report, the agency drew up a road map to broaden the collection base. The objective: to add up to 3.3 points from the GDP. To achieve this, it focuses on the tightening of the simplified regime and the expansion of the Income Tax. According to the IMF, the Monotributo, although it helped formalize the economy, today generates a tax burden “much lower” than that of the general regime, which encourages companies not to grow and t…
The International Monetary Fund (IMF) drew up a tax roadmap for Argentina that includes changes to the Income Tax, a reform of the Monotributo, a review of VAT exemptions and a gradual reduction of withholdings and financial taxes.The plan appears in the last staff report of the agency, where it analyzed the Argentine tax system and concluded that it remains "complex, distortive and unstable." According to its calculations, a comprehensive refor…
On Thursday, a report by the International Monetary Fund (IMF) called “Argentina: Selected Issues” was published, which forms part of the last Staff Report of the current program with the country. There, a tax reform is proposed that includes a greater scope of workers in the Income Tax and a rise in the quotas of the Monotributo. Strictly speaking, the IMF proposes a cut in tax spending with the elimination of the regimes and programs that give…
Recipe for the disaster: the new directives of the Monetary Fund to Milei Along with the disbursement of $1 billion of debt, the agency announced the demands that the Argentine government must implement before the end of the year: include more workers in profits and increase the monotribut. The International Monetary Fund (IMF) demanded [...] Entry Argentina The IMF recommends Javier Milei implement a “comprehensive tax reform” aparece primero …
The International Monetary Fund recommended that the Argentine Government expand the number of workers reached by the Income Tax, with the objective that at least 20% of formal employees pay the tax. The proposal would imply doubling the current number of taxpayers, although from Casa Rosada they rejected flatly moving in that direction. Currently, about 1,050,000 people among wage earners and retirees pay Earnings. According to the IMF, the fig…
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