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Tax

Updating of the Corporate Income Tax application – Extension of the tax on prizes from raffles and sports contests – Tucumán. Tax debt regularization regime

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New version of the Corporate Income Taxes application Version 21.0 of the Corporate Income Tax application is approved. The aforementioned version will be applicable for original and corrective income tax returns filed as from 10/11/2022. In this regard, we inform that the new version is not yet published on the AFIP website. For more information … Read more

Fourth Category Income Tax

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The determination of the exemption and the increased special deduction is regulated. RG AFIP 5280/2022 regulates Decree 714/2022, which establishes $330,000 as the salary floor to be exempted from the tax. The benefit of the increased special deduction is applicable to monthly salaries between $330,000 and $431,988. In the case of the 2nd SAC, the … Read more

Complementary information regime for international operations.

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On December 27, 2022, the General Resolution (AFIP) Nr. 5306/2022 which establishes a new regime of complementary information on international transactions. It expressly repeals General Resolution No. 4838/2020, called the tax planning information system, which was highly questioned because it contained provisions on the liability of administrators and professionals involved in international operations. The information … Read more

Tax Planning Regime – Permanent Payment Facilities Plan and Mini Plan. Extension conditions – Santa Fe. Modifications to the Regime of Collection of II.BB.

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Tax Planning Regime – Suspension for 60 days. The AFIP establishes through RG 5278 the suspension for 60 calendar days, counted as from 10/31/2022, of the Tax Planning regime established by RG 4838. For more information about RG 5278 click here here . Income Tax and Personal Property Tax Payment Plan. Extension of the best … Read more

UIA report: tax pressure in Argentina and the world.

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The Centro de Estudios de la Unión Industrial Argentina released a report prepared by its Tax Policy Department comparing the tax burden of 30 countries around the world that represent 86% of the global GDP. According to the study, Argentina leads the ranking of tax burden as a percentage of GDP, based on formal employment. … Read more

Registry of Foreign Passive Entities. Incorporation of Trusts – Information regime for financial and non-financial trusts. Adequacies.

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Registry of Foreign Passive Entities. Incorporation of foreign trusts. The AFIP incorporates in the Register of Foreign Passive Entities the obligation to report also trusts and other foreign entities assimilated to them. Precisions are established regarding deadlines, information and procedures to be followed in order for taxpayers and responsible parties to comply with this regime. … Read more

Analysis | Income Tax Modification Bill

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Félix José Rolando, Tax Partner of Andersen Argentina, analyzes the new Income Tax Modification Project –Creationof the Tax on Higher Income. Traditionally, the essential characteristic of the Argentine income tax is its capacity to measure the taxable income (obtained in different categories) of each taxpayer, i.e., it is a personal and unitary tax, where for … Read more

AGIP: new Current Tax Account.

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Through Resolution No. 311-AGIP/2020, the AGIP implemented the “New Current Tax Account” -NCCT- in order to facilitate the self-management of freely available credit balances, automatic verifications of the existence of debts and to promote greater interaction in the Tax Authorities-Taxpayers relationship. Here’s what you need to know: 1. How to access the New Current Tax … Read more