The article discusses new regulations in Buenos Aires that allow retirees and pensioners to completely exempt themselves from the ABL tax, expanding access to broader categories of individuals.
This year, the Government Administration of Public Revenues (AGIP) in Buenos Aires modified the requirements for retirees and pensioners to obtain an exemption from the Property/Lighting, Sweeping, and Cleaning Tax (ABL). The changes, which have been incorporated into the Fiscal Code and the Tariff Law, were approved by the local legislature and aim to widen the eligibility, enabling more taxpayers to apply for the exemption. This exemption is now available to both property owners and tenants who agree to take on the tax payment obligation.
Unlike the previous scheme that allowed for partial or total exemptions ranging from 25% up to 100% based on the property valuation, the new regulations offer a 100% exemption in all cases provided the qualifying conditions are met. This significant shift simplifies the process and benefits all eligible retirees and pensioners without regard for their property value.
To qualify for this ABL exemption, retirees and pensioners must be owners, co-owners, usufructuaries, or beneficiaries of the right to use a property. This inclusive policy appears to reflect an increasing sensitivity to the financial burden faced by retired individuals or those on pensions, recognizing the necessity for financial relief amid rising living costs in Buenos Aires. Such measures could encourage more seniors to stay financially stable in an urban environment where taxation can be challenging for low-income residents.
