Tax On Profits - Modification - Full Text Of The Norm

Original Language Title: IMPUESTOS IMPUESTO A LAS GANANCIAS - MODIFICACION - Texto completo de la norma

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image inicio sitio infoleg MInisterio de Justicia y Derechos Humanos
IMPESTS Law 26.287 Amend the Law on Gain Tax, t.o. 1997 and its amendments. Watch. Sanctioned: August 22, 2007 Enacted: August 29, 2007

The Senate and Chamber of Deputies

of the Argentine Nation gathered in Congress, etc.

forcefully sanctioned

Law:

ARTICLE 1 el Replace section 23 (b) of the Vocational Tax Act, t. 1997 and its amendments, with the following:

Subparagraph (b) In the case of family charges provided that the persons indicated are resident in the country, are in charge of the taxpayer and do not have in the year net incomes of more than seven thousand five hundred pesos ($ 7,500), regardless of their origin and whether or not they are subject to the tax:

1. Eight thousand pesos ($ 8,000) per year per spouse;

2. Four thousand pesos ($ 4,000) per year per son, daughter, stepdaughter or stepdaughter under twenty-four (24) years or disabled for work;

3. Three thousand pesos ($ 3,000) per year for each descendant in a straight line (grandson, granddaughter, granddaughter or granddaughter) less than twenty-four (24) years or disabled for work; for each ascendant (father, grandfather, grandmother, great-grandfather, grandmother, stepfather and stepmother); for every brother or sister under twenty-four (24) years or disabled for work;

The deductions in this subparagraph may only be made by the closest relatives who have impossible gains.

ARTICLE 2 Replace the third paragraph of article 23 (c) of the Vocational Tax Act, t. 1997 and its amendments, with the following:

The amount provided for in this subparagraph shall be raised by three comma eight (3.8) times in the case of the proceeds referred to in article 79 (a), (b) and (c). The regulation shall establish the procedure to be followed when gains not covered by this paragraph are also obtained.

Article 3 Replace the article with no number incorporated in the following article 23 of the Law on the Tax of Gains, t.o. 1997 and its amendments, with the following:

Article ...: The total amount of deductions resulting from the application of Article 23 shall be reduced by applying on that amount, the percentage of decrease which, depending on the net gain, is set below:

Net gain

% decrease over

total amount

Article 23 deductions

More than $

to $

0

91,000

0

91,000

130,000

50

130,000

195,000

70

195,000

221,000

90

221,000

Forward

100

ARTICLE 4 The provisions of this Act shall be applicable from the fiscal year 2007, with effect from 1 January 2007. ARTICLE 5o Contact the Executive.

IN THE SESSION OF THE ARGENTINE CONGRESS, IN GOOD AIRES, TO THE TWENTY DAYS OF THE MONTH OF AUGUST OF THE YEAR.

_

ALBERTO E. BALESTRINI. . DANIEL O. SCIOLI. . Enrique Hidalgo. . Juan H. Estrada.