Kicillof prepares his adjustment: he would raise the real estate tax by 300%

2023-12-26 10:43:00

The program of adjustment who began to apply the National government It strongly affects the provinces, which have already begun to prepare to face a time of scarcity in their coffers. In the Province of Buenos Aires, the governor Axel Kicillof prepares a bill that contemplates, among other things, the possibility of raise real estate taxes, patents and an increase in debt.

Specifically, the president intends to raise up to 300 percent the real estate tax and 270 percent patentswhile the debt would be up to 1.8 billion dollars.

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The 2024 Tax Law could be discussed this Thursday in the period of extraordinary sessions of the provincial Chambers. According to Argentine Newsthe project is crossed by a tax increase due to inflation, and more tax pressure for the countrysidein the middle of a process of adjustment of the provincial public coffers.

The provincial government will have to fight with an atomized opposition in the Legislative power. This is because the libertarian representatives have several blocks of deputies and Together for Change He did not put together a unified bench. Dealing with this situation will be key in the fight to get the votes and approve this package of increases in the taxes administered by the Buenos Aires Collection Agency (ARBA).

In any case, in Together for Change there are already questions about the initiative. They maintain that the budget extension It will be 6.9 billion pesos and Kicillof is asking for almost 3 billion in debt.

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They explain that to the 1.8 billion in debt, another 800 million must be added that will be requested from multilateral organizations. “He is asking almost 15 times more than last year”they say in the JxC senatorial bloc, regarding the debt.

What does the governor intend to address the adjustment?

Governor Kicillof has decided to extend the 2023 budget, because “There are no details or projections from the Nation.which also did not send the law to Congress,” indicated the provincial Ministry of Finance.

According to what has emerged, with the new law, owners of lands with a tax valuation of more than 39 million pesos will have to pay an additional tax on rural properties. The additional one would be at the end of 2024, according to reports.

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It seeks to continue with the premise of providing greater progressivity to the tax structureemphasizing the solidarity of the sectors with greater contributory capacity, and addressing the reality of SMEs,” the provincial government maintains, according to THAT.

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Automotive patents will bring an average increase of 145% for vehicles model years 2013 to 2024, in accordance with the values ​​set by the National Directorate of Automotive Property Registry. The maximum limit for the increase is 270% for the highest-end cars, according to what would be reflected in the official project.

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