Assistance for emergency or disaster areas includes, on the one hand, the extension of the expiration of the payment of taxes that are levied on the assets, capital or profits of the affected farms when it falls in the same period in which the state of emergency is in force, until the year following its completion.
It also considers the suspension of the initiation of tax execution trials for the collection of taxes owed until the period following the end of the emergency or disaster period; and in case it was already started, must be stopped until the period expires by which the emergency or disaster was decreed.
In addition, it is anticipated deduction in the tax balance of the Income Tax, 100% of the benefits derived from the forced sales of cattle, sheep, goats or pigs.
This deduction is shall be computed in the fiscal years in which the sales took placethey specified from both portfolios.
At the same time, it establishes Total or partial exemption from the payment of the Personal Property Tax on assets located on farms on rented rural properties, if they are located in a disaster zone.
Lastly, the AFIP may determine the exemption of other taxes such as Profits, the tax component of the Monotributo and contributions to Social Security.
Source: Ambito
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