The Federal Administration of Public Revenues (AFIP) announced a tax relief plan so that SMEs can cancel tax, customs and social security resource obligations.
After the announcement of the package of measures made by the Minister of Economy, Sergio Massa, the Federal Administration of Public Revenues (AFIP) launched the tax relief plan for micro, small and medium-sized companies for cancel tax, customs and social security resource obligations expired until April 30, 2023.
The initiative contemplates a maximum interest rate of 5.91% per month and will also benefit monotributistas. 650,000 taxpayers. The new regime will reach more than 650,000 taxpayers.
How much is the amount of regularized debt?
Thus, the amount of debt to regularize amounts to $456,000 million and corresponds mainly to VAT, earnings, and contributions and contributions to social security. It includes interest, fines and debts that are under discussion both in administrative and judicial proceedings.
Relief for SMEs: Who benefits?
The main beneficiaries will be micro and small businesseswhich represent the 48% of the universe of firms reached by the measure and hold 42% of the total debt stock. For their part, small taxpayers and monotributistas reach 31.2% of taxpayers that maintain overdue obligations with the agency, for 3% of the total amount. The rest of the taxpayers are completed by medium-sized companies.
Through this measure, heAFIP implemented a plan of up to 84 installmentsaccording to the size of the firm and the type of obligation that must be regularized (social security, tax or customs), with a maximum rate of 5.9% per month. In all cases, it will not be necessary to make a payment on account.
This new regulation contemplates to micro, small and medium-sized companies, monotributistas and small taxpayers. Membership may be made until September 29 of this year inclusive.
SMEs: What will the installment plans be like?
The maximum number of installments of the payment facility plans It will be determined according to the type of taxpayer at the time of its consolidation and the type of plan:
- For small taxpayersnon-profit entities and micro and small companies: 84 installments for general debt or customs, 36 for contributions of social security and 12 for withholdings and tax perceptions.
- Medium businesses – section 1: 48 installments for general debt or customs, 24 for social security contributions and 6 for withholdings and tax perceptions.
- Medium businesses – section 2: 36 installments for general debt or customs, 18 for contributions of social security and 3 for withholdings and tax perceptions.