The tax collection agency repealed the 2012 special regime on information on companies subject to international regulations and included it in the general Income Tax regime
The Customs Collection and Control Agency (ARCA) repealed the old regime for presenting 2012 balance sheets for companies subject to international standards and included it in the Income Tax.
It is about the Resolution 5611/2024, signed by the former head of the organization Florencia Misrahi, who repeals the regime for presenting this type of information established by Resolution 3362/12 and incorporates it in Resolution 4626/19 on Income Tax.
It is about the article 4 which establishes that companies that are required to present a balance sheet under international IFRS standards must include, in addition to what other taxpayers do:
1) Statement of Financial Situation and Statement of Income prepared in accordance with current professional accounting standards for subjects not covered by the provisions of the aforementioned technical resolution, without considering the effect produced by the change in the purchasing power of the currency.
2) Professional Report in which the differences that arise from the application of measurement, valuation and/or exposure methods will be detailed different from those to which subjects not covered by the standards referred to in the preceding section must comply, describing the reasons that give rise to such differences.
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The elements must be signed by the legal representative, by the entity’s supervisory body – if applicable – and by an independent public accountant, with a signature authenticated by the Professional Council or entity in which it is registered.
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The standard determines that to determine the Income Tax, they must be based on the information that arises from the financial statements provided for in the IFRS standards,
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In the case of entities that prepare financial statements on a consolidated basis, the obligations established herein must be met with respect to their individual financial statements.
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Taxpayers that are duly categorized as Micro, Small and Medium Enterprises in the terms of Law No. 25,300 and that apply IFRS for the preparation of their financial statements, may choose to include a note to the financial statements, in which The final result of the year and the total amounts of Assets, Liabilities and Net Equity are detailed, determined in accordance with the professional accounting standards in force for subjects not covered by the provisions of Technical Resolution No. 26. (FACPCE) and its amendments, without considering the effect produced by the change in the purchasing power of the currency.
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The working papers used to prepare the information contained in the aforementioned note to the financial statements must be kept and made available to the supervisory personnel of this Agency.
Source: Ambito
I’m a recent graduate of the University of Missouri with a degree in journalism. I started working as a news reporter for 24 Hours World about two years ago, and I’ve been writing articles ever since. My main focus is automotive news, but I’ve also written about politics, lifestyle, and entertainment.
