Monotax Concept - Definition

It is known in the Argentine Republic with the name of Monotributo from the month of July 1998, to a form of registration for tax purposes that can be made by physical and legal persons (companies of up to three companies are included as legal persons) de facto or irregular partners, and not corporations, limited liability companies, collective societies, etc.) that have no income that exceeds certain predetermined sums and does not exceed three points of sale of products or provide more than three services.to merchants or service providers.The members of labor cooperatives and undivided inheritance who must continue the activity that the deceased was carrying out can also benefit from this regime.

As the name implies, it is a single tax that It includes the payment of the tax burden (VAT and Earnings) and the social security (retirement contribution and social work).

It is paid on a monthly basis with maturity on the 20th of each month and its amount depends on the category in which the person is registered, which in turn is related to the income that is possessed, the electricity consumed and the surface of the farm.If after a four-month period the limit amounts of the category in which it is found are exceeded, it should be re-categorized in the upper one.

The categories are represented by letters ranging from A to L, in increasing order in terms of income and amount to be paid.Companies can only be categorized between letters D and L.

If these requirements are not met, you will have to register as a registered person.