The improvement consists of a relaxation of the conditions through which The taxpayer can request a reduction of advances from the agency. As is known, Income Tax is an annual tax that is paid in advance until the last payment is paid, generally between May and June of the following year.
The company takes as a basis the tax settled in the previous period and divides it into 9 equal installments of 11.11%.
But since the taxpayer can foresee that depending on the payments he is making, he may end up paying more, You can ask ARCA to pay less per installment.
Until now, human persons and undivided successions could exercise the option from the third advance or from the first if an overestimation of 40% was projected or more than the obligation of the period to which they are attributable.
Meanwhile, the Legal entities could exercise it from the fifth advance, or from the first if an overestimation of 40% was projected.% or more of the obligation of the period to which they are attributable.
What are the changes
As of this Tuesday, October 28, individuals and undivided estates remain unchanged, while for legal entities the possibility of requesting a reduction from the fifth advance is maintained. But a new possibility is incorporated:
- Legal entities may exercise the option starting from the third advance if they estimate that the total to be paid exceeds the tax for the period by more than 25%.
- The option is also maintained from the first advance when the projection exceeds 40% of the estimated tax.
The CEO of SDC Asesores Tributarios, Sebastián Domínguez, He explained that “this is important because the regime must contemplate that taxpayers can recalculate and reduce advance payments when it is estimated that their income will generate a favorable balance.”
“Now, the legal entities that frame andn the modification they may request the reduction in advance. It would be convenient for the rule to be modified and the same treatment be given to human beings.s and undivided successions,” Domínguez explained.
The measure also updates the amount that determines whether the special procedure for reducing advances should be applied and an automatic update mechanism is established.
This special procedure implies that The reduction request does not operate automatically, but is subject to special control by ARCA which has to be granted within 60 days. Failure to do so means that it is approved based on the Administrative Procedures Law.
The taxpayers may request the reduction of quotas based on a calculation base of $250,000,000 million for those in category 11, and $200,000,000 for the rest. The amounts will be updated by CPI from 2027.
Source: Ambito
