All employees and retirees who were affected by the withholding of Income Tax during the past year have until March 31 to add the information of the annual deductions and to update the data they were able to add, month by month, throughout 2018, with the objective that these deductions are deducted from the tax and end up paying less.
Also, they can add the income that was omitted to declare to the withholding agent, for other jobs in relation of dependence or for retirement and pension. In this way, the final correction will be made by the employer who acts as the withholding agent, who will be the one who reimburses or withholds the difference of the tax, with the salaries paid in the month of May.
How information is provided
The data is given from the AFIP website, entering with tax code and the employee’s CUIL number. On the page you have to work on fiscal year 2018; for those who have not yet done so, they must previously provide the e-mail address and a telephone number, in addition to constituting the electronic fiscal address. The information is entered from the service called “SIRADIG – WORKER”, which works from the AFIP website.
What is the annual information
The annual information, which could not be added during the past year, corresponds to the following concepts:
Paid fees corresponding to health care, medical and paramedical services, for example:
– Hospitalization in clinics, sanatoriums and similar establishments.
– Accessory benefits of hospitalization.
– Services provided by doctors in all their specialties.
– Services provided by biochemists, dentists, kinesiologists, speech therapists, psychologists, etc.
– Services provided by auxiliary technicians of medicine.
– All other services related to assistance, including transporting the wounded and sick in ambulances or special vehicles.
It will be possible to discount up to 40% of the total amount paid in the year, for all those concepts for the medical attention of the employee himself and that of his family members who are in charge that are deducted in this retention regime. You can not deduct the amounts that after subscribers were reimbursed by the social works. Dedicated co-insurance, medications and prostheses are discounted only if they were provided together with the provision of the medical service. For example, a medication applied at the time of medical care can be discounted, not the one that was prescribed and then bought at the pharmacy.
33% of the tax on the check that the banks kept the employee for the whole year 2018. The salaries accounts do not suffer this tax, but generally the banks offer current accounts within the payroll account package. If they were used during the year and there were deductions from the check tax, that authorized percentage may be reported to the employer for reimbursement in May. The tax credit can not be recovered under this retention regime if the employee also performs autonomous tasks that require registration with the AFIP.
What items of expenditure must be reviewed
They are the ones that had to be informed monthly during 2018, if they were not given that data can be given until March 31 and apply retroactively:
Amounts that are destined to installments or payments to institutions that provide medical care coverage, corresponding to the beneficiary and family ties that the employee deducts from withholding. Corresponds to prepaid fees, emergency services, etc.
Sums paid for insurance premiums in cases of death. The burial expenses of the taxpayer or of persons that the employee deducts, insofar as they were not reimbursed. For each of these concepts the annual deduction cap is $ 996.23.
In the case of brokers and commercial travelers, mobility and per diem expenses, based on the values of the table approved by the AFIP. When they use their own car, the annual tax depreciation of the road