Changes in the Import System from SIMI to SIRA. Replacement of the current SIMPES with SIRASE. Through Joint General Resolution 5271/2022 (AFIP – Secretariat of Commerce), in order to strengthen preventive control actions, follow-up and monitoring of the foreign trade operations involved, the current SIMI is replaced by the SIRA (Import System of the Argentine … Read more
Income Tax and Personal Property Tax Payment Plan. Extension of the best conditions in the permanent facilities regime. Through RG 5265, AFIP extends to 10/31/2022 the possibility of adhering to the payment plan implemented by RG 4057. By means of the same, it is recalled, individuals may regularize the balances resulting from the Income Tax … Read more
There was no success in the negotiation for the signing of a bilateral intergovernmental agreement (IGA) between the Internal Revenue Service (AFIP) and the U.S. federal tax collection agency, the Internal Revenue Service (IRS), for the automatic exchange of financial information. This has frustrated the Argentine government’s expectations of receiving packaged online information on Argentines … Read more
By means of Communication A 7622 the BCRA informs that as from today 17.10.2022 the entities will be able to give access to the foreign exchange market for the payment of imports declared in the SIRA. Likewise, the entities must consult, in the online system implemented by the BCRA for such purposes, the status of … Read more
Province of Misiones: questioning of the payment on account regime in the gross income tax. Recently, the Supreme Court had the opportunity to rule in a case related to the much questioned regime of payment on account of the gross income tax, which the Province of Misiones established some years ago, preventing the entry of … Read more
ARBA digitalizes the “acknowledgement of receipt” for compliance with requirements and the “Acta de comprobación”. Through Regulatory Resolution 24-2022 ARBA, in order to move forward with the digitalization of the proceedings through which individual audits and ex officio and/or summary determination procedures and subsequent stages are processed, in this instance implements the “Acknowledgement of receipt” … Read more
The income tax floor for salaries earned as from November 1, 2022 is set at $330,000 per month. Likewise, the amounts that entitle the computation of the special deduction increases are set between $330,000 and $431,988 per month. In reference to the 2nd SAC of 2022, the gross monthly salary and the average gross remuneration … Read more
VAT Exports. Extension of effective date. AFIP extends until 03.04.2023 the use of the service “Sistema Integral de Recupero” (SIR) for applications of the Refund Regime for export and similar operations. However, it is enabled so that the interested parties may interact with the system and prepare the applications in draft form, without allowing them … Read more
In Latin America, automatic exchange of information with the U.S. is in force in Brazil, Colombia, Costa Rica, Honduras, Mexico, Panama, Peru and the Dominican Republic. There was no success in the negotiation for the signing of a bilateral intergovernmental agreement (IGA) between the Internal Revenue Service (AFIP) and the U.S. federal tax collection agency, … Read more
Through Resolution 26/2022, the Secretariat of Industry and Productive Development establishes the procedures and requirements for registration in the “Registry of Beneficiaries and Products of the Incentive Regime for Manufacturers of Capital Goods”, as well as the procedure for verification and control of compliance. The percentages of requirements are reduced, such as annual personnel expenses … Read more
