He World Bank on Wednesday approved a loan from U $ S300 millions“In order to improve the efficiency, efficiency and transparency of the Tax Administration in Argentina.” Previously, the Government approved another credit battery from this institution and the Inter -American Development Bank (IDB).
These are funds for the “Simplification of procedures”the provision of “Clear and timely information” For taxpayers and “Automation of administrative processes” of ARK.
The confirmed credit is a “Project for results”which implies funds that They are not freely availability or disbursed immediately. This package will liquidate as the execution work of the projects linked to this initiative advances.
According to the institution’s information, the conditions of this loan include A seven -year grace perioda Variable margin and A 32 -year refund period.
“The approval of this operation is part of a broad program with the World Bankin clear support for the priorities of the president’s government Javier Milei: fiscal balance, economic openness and institutional strengthening. This operation will contribute to consolidate the reforms of policy and tax administration that have been carried out from the beginning of the management, convinced of the need to generate conditions to promote private investment, which is the true engine of sustained growth and the generation of genuine employment in Argentina, ”he said Pablo QuirnoSecretary of Finance.
For its part, the director of the World Bank for Argentina, Paraguay and Uruguay, Marianne Fayhe said: “We accompany Argentina’s efforts to move towards a more progressive tax system, which simplifies interaction with ark and foster voluntary compliance.”
New World Bank credit: What will the loan be used for
The reform will simplify procedures and services to facilitate access to information such as the progress in the pre -creep of forms, which will allow taxpayers to find their relevant information in digital procedures, reducing the administrative burden, minimizing errors and facilitating access to public or financial services and programs. On the other hand, progress will be made towards a new risk management approach to focus the controls where they are needed to make an intelligent inspection.
Finally, the online site of ARK It will allow access to a greater amount of data and will have greater transparency allowing to more easily systematize the information you handle and a better fiscal analysis and planning over time.
Source: Ambito
