Legislative modification project in Uruguay
Taxability of certain foreign income obtained by corporations without substance. The Executive Branch of Uruguay (EP) released the bill introducing new provisions in the Income Tax on Economic Activities (IRAE) to comply with the commitment assumed with the European Union (EU) and to adjust some aspects that could be considered potentially harmful and encourage unfair […]
AGIP (CABA) – Regime for regularization of tax obligations
CABA – A transitory regularization regime for certain tax obligations is established. Through Resolution No. 26262/2022, the AGIP establishes a regularization regime for taxes owed, including Real Estate Tax; Vehicle Patents in General; Contribution for Advertising; Stamp Tax and Gross Income Tax. Tax debts whose maturity date was prior to August 1, 2022 may be […]
Regulation and clarifications on the money laundering procedure for construction projects
Money Laundering – Regulation of Law 27,679 Incentive to Argentine Investment, Construction and Production. Decree 556 defines that the scope of the concept of resident shall be that established in accordance with the Income Tax Law. It also establishes that the excise tax will be determined on the value of the holding declared, expressed in […]
New SIRA – SIRASE Records
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 […]
AFIP. Income Tax and Personal Property Tax payment facilities. Enabling the application “Mi AFIP” | ARBA. Single Tax Registry – Federal Register for Buenos Aires.
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 […]
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, 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 […]
Access to the foreign exchange market for import payments
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 […]
Jurisprudence
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 […]
ARBA: Audits in Digital Format. National: Knowledge Economy. Investment promotion for exports.
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” […]
Income Tax Law
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 […]