The injunction, sent by the specialized areas in international control to the identified taxpayers, warns that “the lack of compliance with the required presentation is covered by the provisions of Law No. 11,683”, for which, if applicable, it will give rise to to “the initiation of the pertinent summary, which will be taken into account as background for the purposes of qualifying their conduct as a taxpayer, as well as evaluating the application of fines.”
The letter sent this Tuesday specifies: “Through the survey of the open databases on final beneficiaries, it was detected that you appear in offshoreleaks.icij.org as the owner of a company identified during the investigation called Pandora Papers”and continues: “However, it was verified that he did not make any presentation as the final beneficiary of said entity, for the fiscal periods 2019 and 2020 before this body, as established by the current information regimes.”
The progress of the body led by Mercedes Marcó del Pont also occurs within the framework of the assumption of the new Minister of Economy, Silvina Batakis, that in his first declarations he put as one of the axes of management “to improve the tax administration”. That same north is outlined in the agreement with the International Monetary Fund as one of the tools to reduce the deficit without there being an adjustment in spending in real terms.
The AFIP established, in 2020, that legal entities and trusts must inform who their final beneficiaries are. The informative regime established by the agency aims to identify individuals who have shares in companies, civil associations, foundations, mutual investment funds and trusts.
In the Pandora Papers there are 2,521 Argentines owners of companies created in tax havens, most of them with Panamanian directors who play the same role for many other companies. The publication indicates that Argentina ranks third among the countries with the largest number of final beneficiaries among all offshore companies, only surpassed by Russia, which heads the ranking with 4,437, and the United Kingdom, which follows with 3,501.
Source: Ambito
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