SIR: “Sistema Integral de Recupero” (Integrated Recovery System).
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 […]
Is there an exchange of financial information with the United States of America?
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, […]
Regulation of the Incentive Regime for the Manufacture of Capital Goods
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 […]
How to lower the tax burden on personal property tax.
Félix José Rolando, Partner of Andersen Argentina, shares with us key points to consider in order to lower the income tax burden.
Updating of the Corporate Income Tax application – Extension of the tax on prizes from raffles and sports contests – Tucumán. Tax debt regularization regime
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 […]
Monotributo 2023: Learn about the new scales and values as from January.
The Government informed the new scales for the Monotax that will be in force as from January 1, 2023. The adjustment was 33.58%, which leads to the category A at a maximum gross annual turnover value of 999,657, while category B will have an annual income ceiling of $1,485,976 pesos as from January. On the […]
Fourth Category Income Tax
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 […]
Complementary information regime for international operations.
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 […]
Tax Planning Regime – Permanent Payment Facilities Plan and Mini Plan. Extension conditions – Santa Fe. Modifications to the Regime of Collection of II.BB.
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 […]
UIA report: tax pressure in Argentina and the world.
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. […]