Even with Congress almost paralyzed, the tech unified tax (“monotributo tech”) project has been passed in the lower house and has a majority opinion issued by the Senate, and the government is betting on transforming it into law. When the tech unified tax was passed in the lower house, representative Itaí Hagman of the ruling Frente de Todos coalition stated that the owner of Mercado Libre straight-out lobbied against it. The Software Industry Chamber (CESSI) also came out strongly against the tech unified tax project. In that sense, the tech unified tax helps them,” they answered. The bill establishes a tax structure so people working for foreign clients can sign up to the unified tax system in three income brackets of US$10,000, US$20,000 and US$30,000 per year.

Source: Bueno Aires Herald June 08, 2023 02:30 UTC