Tag: Profits

Regulated changes in Earnings
Health

Regulated changes in Earnings

The AFIP regulated the modifications of the Income Tax so that workers with monthly salaries of up to 150 thousand gross pesos stop paying the tax. The measure allows more than 1,200,000 people to access the benefits of Law 27,617 from June wages. Additionally, the average bonus that employers will begin to pay in the coming weeks is excluded from the tax calculation. “The changes in the Income Tax will offer an important stimulus to the domestic market. The measure makes it possible to rebuild income and prop up consumption. About 90 percent of workers will not pay the tax. The measure increases the consumption capacity of the middle class ”, indicated the head of the AFIP, Mercedes Marcó del Pont. The general resolution of the AFIP establishes that the amounts withheld between Janu...
They exclude the bonus from the income tax base.
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They exclude the bonus from the income tax base.

The national government today regulated part of the changes to the Income Tax Law for workers in the fourth category, which brings into effect the modifications provided by law 27,617, passed in Congress last month.Among other provisions, Decree 336, published today in the Official Gazette, excludes the Christmas bonus from the calculation of the tax base; eliminates the deduction cap for disabled children; introduces the figure of a concubine within the family charges; and exempts the payment of overtime hours or shifts of health personnel until September.The decree regulated the regulations in order to provide details regarding the new exemptions introduced in the tax, as well as to establish the guidelines for the computation of the additional deduction and ...
REN’s profits rose to 4.5 million in the first quarter of the year
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REN’s profits rose to 4.5 million in the first quarter of the year

The profits of REN - Redes Energéticas Nacionais grew by 0.2 million euros year-on-year in the first quarter of the year, to 4.5 million, according to the company's results reported to the Securities Market Commission (CMVM). According to the company, the growth in net income was due to a positive contribution from financial results, which increased 2.9 million to -10.8 million, reflecting the decrease in the average cost of debt (from 1.8% to 1.6%), and a lower CESSE (energy rate) (+1.1 million). Net debt also improved in the first quarter of the year, "with additional payments for tariff deviations", underlines REN. EBITDA (earnings before interest, taxes, depreciation and amortization) totaled 114.4 million euros, a year-on-year decrea...
Thousands of patients are losing tax benefits due to new interpretation of the law
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Thousands of patients are losing tax benefits due to new interpretation of the law

Thousands of patients who had a degree of disability "fiscally relevant" are losing the right to tax benefits due to an order that makes a new interpretation of the legislation in force, warned the Portuguese League Against Cancer this Tuesday. This situation has already led the Bloco de Esquerda to request an “urgent hearing” from the Portuguese League Against Cancer (LPCC) and from the Secretary of State for Tax Affairs, António Mendonça Mendes, on the Government order that is causing sick people, not only oncological, they lose the right to a multi-use certificate and consequent benefits. Speaking to the Lusa agency, jurist Carla Barbosa, of the Legal Support Unit of the LPCC, explained that the order of the Secretary of State for Tax Af...
Amazon more than triples profits to 6.7 billion euros
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Amazon more than triples profits to 6.7 billion euros

The e-commerce conglomerate Amazon announced on Thursday a profit in the first quarter of 8.1 billion dollars (6.7 billion euros), more than the triple presented a year ago, thanks to the expansion of online purchases during the pandemic. The group led by Jeff Bezos, the richest man in the world, according to Forbes magazine, earned $ 108.5 billion in the first quarter of this year, compared with the 75.5 billion counterparts. These values ​​exceeded analysts' expectations and the security appreciated three percent in electronic exchanges, carried out after the closing of the New York Stock Exchange. Amazon is one of the companies that most profited in the year of the new coronavirus pandemic, thanks to the sharp growth of e-commerce, res...