The DGI determined that the under-reporting at the end of the year had generated a difference of $230 million in the profits obtained in the year.
The Federal Administration of Public Revenues (AFIP)through General Tax Directorate (DGI)detected tax omission in agro-industrial companies by $230 million.
The body led by Carlos Castagneto warned that firms operating in the Buenos Aires province they had declared below their actual stock their stocks of cattle, grain and hectares plantedso they must enter the difference as the income tax with respect to what they had initially declared.
Controls to guarantee tax equity
The adjustments for the undervaluation of property and raw materials were recognized by the taxpayers themselves. The inspection tasks of the specialized areas in agricultural activities of the AFIP fell on sectors that demonstrate greater contributive capacity with indications of omission of payment of the tax in charge. In this case, about companies engaged in the production of soybean oil and cultivation of their grains and the cattle fattening located in Buenos Aires territory.
The DGI determined that the subdeclaration of part of its holdings at the end of the year generated a profit increase obtained in the verified year, generating a tax difference to be paid from $230 million. This type of control actions tend to ensure the contributory equityto guarantee the tax payment according to the capacity of the taxpayers and those responsible.
Source: Ambito
