The most difficult scenarios of the Argentine economy, according to a specialist 1:20

(CNN Spanish) -- The monotributo is a tax regime to which small taxpayers who develop work on their own in Argentina can opt to comply with their tax obligations before the Federal Administration of Public Revenues (AFIP). In exchange, certain benefits are obtained such as social work and the possibility of accessing a retirement.

People who aspire to be monotributistas must first register in the system. The steps are simple: you need a CUIT (Unique Tax Identification Code) number, then you must select one of the categories on the AFIP website.

Who can be monotributistas?

Anyone who sells movable things, locations or provides any service may access the monotribute. In turn, "whoever is part of an undivided succession that continues the economic work activity carried out by a person who was a monotributista at the time of death", according to the official website of the Government of Argentina, will have the possibility of being a monotributista. Likewise, anyone who is a member of a worker cooperative may access the regime.

What benefits are obtained by being monotributista?

Argentina's tax collection agency defines monotributo as a "tax simplification", since with a single payment all obligations (profits and VAT) and social security obligations are covered.

The monotributista has the possibility to choose a complete medical coverage that can be extended to the family group. Over time, you will also be able to get a retirement.

advertising

In addition, there is an incentive to comply. It is a refund in case the monotributista complies with the payment in a timely manner.