Overview
- Luis Caputo said the government will push a strong expansion of personal deductions in Ganancias, signaling that everyday purchases and mortgage payments could count toward tax relief.
- He detailed three reform pillars: a three‑point cut to employer payroll charges replaced by a severance fund, broader personal deductions, and incentives for new formal jobs, with other distorting taxes slated for gradual removal to protect fiscal balance.
- Reporters note that many deduction limits are outdated, including a mortgage‑interest cap stuck at ARS 20,000 per year and a 1998 rule capping certain auto expenses at ARS 7,200, which blunts relief under current law.
- Existing deductible categories include dependents, rent, domestic service, health plans and medical fees, education expenses, and life or retirement insurance, most with caps and some indexed amounts for 2025.
- The plan remains at the announcement stage with no technical text released, so any changes will require drafting and congressional approval, and could benefit employees, retirees and the self‑employed if enacted.