After the deadline for submitting personal expense allowances to the Tax Administration (SRI) now – in March – it is necessary to report the payment of personal income tax, and for this there are two tax calendars: one for those who are in the general regime and the other for those who are part of Simplified regime for entrepreneurs and popular companies (Rimpe).

Only those who are on the general regime can submit an application for the privilege if they have submitted a personal expenses attachment along with the SRI. The deadline for this expired in February, but those who have not done so can enter it on the SRI portal online with their password and thus pay a fine of $30.

How to get an SRI code for income tax payment

The statement was given – also on the line– In the form Incomes for natural persons and with automatic access, the system displays the incomes reported by the employer and personal expenses if the annex has already been submitted, those who have not submitted the annex and will now do so must take into account that this information is transferred within the deadline of 24 hours because that is the time in which they are validated, explains Ramiro Muela at the training conducted by SRI on March 1.

All workers who used the income tax reduction in 2022 must submit an annex of personal expenses in February

Who is in the general regime?

Dependent workers, individuals or companies that have an annual income of more than USD 300,000 and that, regardless of the amount of income, belong to sectors or activities excluded from Rimpe, such as transport, construction, agriculture, fuel marketing, income from capital.

basic fraction excess up Tax on base fractions Tax on share of surplus
$0 11,310 dollars $0 0%
$11,310.01 14,410 dollars $0 5%
$14,410.01 18,010 dollars 155 dollars 10%
$18,010.01 21,630 dollars 515 dollars 12%
$21,630.01 31,630 dollars $949.40 fifteen %
$31,630.01 41,630 dollars $2449.40 twenty percent
$41,630.01 51,630 dollars $4449.40 25%
$51,630.01 61,630 dollars $6,949.40 30%
$61,630.01 100 thousand dollars $9,949.40 35%
$100,000.01 and so on $23,378.90 37%

This is the calendar for filing income tax for taxpayers under the general regime:

CRS in links of the tax calendar on its website also states that “when the due date coincides with weekends or national or local holidays, it is moved to the next business day, in case that new due date is moved to the next month, the due date will correspond to the last business day in the month of expiration.

Who’s in Rimpe?

There are two segments in the Simplified regime for entrepreneurs and popular companies (Rimpe):

the one of popular companies which is only for natural persons who perform the activity and achieve an annual gross income of up to $20,000.

the one of entrepreneurs It is intended for individuals, craftsmen and companies with an annual gross income of more than USD 20,000 to USD 300,000.

Lower limit upper limit Tax on base fractions Surplus value tax
– 20 thousand dollars 60 dollars 0%
$20,000.01 50 thousand dollars 60 dollars 1%
$50,000.01 75,000 dollars 360 dollars 1.25%
$75,000.01 100 thousand dollars $672.50 1.50%
$100,000.01 200 thousand dollars $1047.50 1.75%
$200,000.01 300 thousand dollars $2,797.52 2%

Del Rimpe excludes income from construction, urbanization or subdivision activities. Professional services, commission agents. Also excluded from this regime are transport activities, whether public, heavy cargo, of any modality; agriculture, fuel marketing, dependency relationship, income from capital. Everyone is in the general regime.

Those who have income from renting real estate are not in this regime, even though this activity generates income below the established limits. For example, if those rentals generate $5,000 a year for taxpayers, they can’t benefit from Rimpe for popular businesses, which covers people with up to $20,000 in annual income.

This is the calendar for filing income tax for taxpayers of the Simplified regime for entrepreneurs and craftsmen:

When the due date falls on a weekend or holiday, it is moved to the next business day. If the declaration is not filed on time, a penalty of $30 must be paid. (AND)