translated from Spanish: AFIP: 15% return to retirees took effect

AFIP on Monday implemented amendments to last Saturday’s General Resolution 4.676, which regulates the Reintegration To Infringed Sectors Regime. In this way, purchases with debit cards made by retirees who charge the minimum and beneficiaries of the Universal Child Allowance (AUH) will receive a 15% refund, as established by the Federal Administration of Public Revenue (AFIP).

The 15% withdrawal will be made in purchases made with debit cards from the accounts where your benefits are credited, with a cap of up to $700 per month per beneficiary and $1,400 per household. AFIP made amendments to the resolution by Article 3 of General Resolution 4.676 and detailed that those receiving other income declared in the Income Tax and/or monotribute will be excluded from profit.

On the other hand, he stipulated that the single-taxers attached to the Social Inclusion and Promotion of Independent Labour Regime would receive the return; registered in the National Regime of Local Development Effectors and Social Economy; and those adhering to the Special Simplified Regime for small agricultural producers of tobacco, sugar cane, yerba mate and tea. It is estimated that the implementation of the rebate regime will have a fiscal cost of approximately $5 billion per month and that the benefit will reach approximately 7.1 million people.

The financial institutions (banks) shall be responsible for crediting to the bank account the amount corresponding to the withdrawal, that will be done within 24 working hours of the purchase operation if it has been carried out between 0 and 17, and within 48 working hours if it is carried out after 17.As established by aFIP, the program will be in force until August 31, 2020, with the possibility of being extended. In this note:

Original source in Spanish