The personal property tax is one of the main sources of collection of the Argentine State. For the DDJJ corresponding to the period 2024, the tax scenario of this tax is substantially modified with the implementation of new adjustments in the aliquots as well as with the modification of the non -taxable minimum and the deduction of family housing. The minimum taxation of tax base increased from $ 100,000,000.00 to $ 292,994,964.89, which means that taxpayers with assets lower than this figure cease to be reached by this tax.
It also rose from $ 350,000,000.00 to $ 1,025,482,377.13 The minimum amount is not achieved for real estate whose destination is family housing.
Regarding the tax aliquots, they vary between 0.50% and 1.25% according to the general scale, while for those taxpayers with good fiscal conduct, who have accessed the benefit of reduction of aliquots established by Law 27,743 in its article 64, and have not adhered to the regularization regime of assets, the aliquots will vary between 0.00% and 0.75%.
The IBP taxes the assets of individuals for the possession of goods located both inside and outside the country. This tribute has historically been one of the most complex, given its impact on the middle and high class, especially in an inflationary and high fiscal pressure context. With the established reforms and the new fiscal pact, it was foreseen for periods 2024 and following, an update of aliquots, seeking to balance the tax burden and avoid the exodus of capital.
The REIBP emerged as an attractive alternative for those who sought to simplify their tax compliance. Through this optional regime, taxpayers with assets higher than certain values could access the benefits of reducing aliquots through an anticipated and unified payment of IBP, with implications for fiscal periods 2024, 2025, 2026 and 2027, without obligation to present the DDJJ in said years, even having incorporated new assets into their assets. Also, those taxpayers who have opted for this regime will enjoy fiscal stability until 2038 with respect to the IBP and other national taxes that take assets, without their fiscal burden by increasing beyond the limits established as the maximum fiscal burden, which may not exceed 0.25% from 2028.
The IBP reform marks a key adjustment in the Argentine tax system. While fiscal moratoriums and capitals offer an opportunity to catch up with tax obligations, the reform emphasizes that fiscal transparency and compliance are fundamental for a more fair and equitable system.
Natalia Iuorio, National Public Accountant – [email protected]
Rinci & Asociados study – www.estudiorinci.com
By CEDOC
