One of the most recognized firms in the field, with properties in the provinces of Buenos Aires, San Luis and Córdoba, valued at US$802 per horse to pay taxes when the estimate made by the AFIP was US$11,102 per animal.
The Federal Administration of Public Revenues (AFIP), through the General Tax Directorate (DGI), detected a undervaluation of one hundred million pesos in polo horses in one of the most recognized firms in the field.
Inspectors of the area specialized in agricultural activities of the organization that leads Carlos Castagneto carried out a survey in one of the company’s properties and They verified the number of existing horses and their cycle from fertilization to preparation for competition.
At the gallop they were leaving US$ 10,300 per horse
As a result of the inspection, it was determined that the original valuation made by the firm for tax purposes of around US$802 per horse was low compared to the estimate made by the AFIP of US$11,102 per animal.
As a result, an income tax of 100 million pesos was determined with implications for future affidavits filed by the taxpayer.
This renowned firm has farms in the provinces of Buenos Aires, San Luis and Córdoba to develop different stages of the process of training and obtaining horses in each one.
It is worth mentioning that due to their high handicap, equines are recognized, marketed at international levels and used in the main polo tournaments in the world.
Source: Ambito
