Macri sent the 2013 budget to the Legislature

October 1, 2012
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With increases in the rate of ABL and gross income, Mauricio Macri sent to the Legislature of the Buenos Aires City, the draft budget for 2013.

The ABL will rise on average by 23 percent, following the automatic update that was approved in the 2011 budget.

In addition, new cars will pay a rate of 1 per cent of its value at the time of purchase, while used will be taxed 3 percent, twice than now, both in the form of stamps.

Regarding Gross Income, financial activities, insurance and telephone will an aliquot of 6-7 percent, and companies with a turnover of over 30 million dollars annually, the tax rate increases of 4-5 percent.