The inspection and control tasks of the specialized areas revealed that the company fraudulently sought to reduce its tax burden.
The ingenuity resorted to accounting devices to simulate fictitious losses in its years – which were also carried over to subsequent years – and favorable balances in both encumbrances.
The Federal Administration of Public Revenues (AFIP), through the General Tax Directorate (DGI), dismantled a tax avoidance maneuver in the province of Tucumán. The body led by Carlos Castagneto detected irregularities in the operations of a sugar mill and applied adjustments for more than 1,200 million pesos in VAT and income tax. The firm acknowledged the error and agreed to pay the amounts owed.
The inspection and control tasks of the specialized areas revealed that the company fraudulently sought to reduce its tax burden. The ingenuity resorted to accounting devices to simulate fictitious losses in its years – which were also carried over to subsequent years – and favorable balances in both encumbrances.
The audit carried out by the AFIP personnel showed as a result that the irrevocable contributions of the partners that appeared in the balance sheets to finance the losses lacked supporting documentation.
The taxpayer did not provide the minutes of the assemblies where the supposed capital contributions were defined, their financial traceability, nor did they appear in the affidavits of the owners, for which reason they were challenged. In addition, among the irregularities discovered and disarticulated, is the use of invoices from apocryphal suppliers.
This series of fraudulent maneuvers gave rise to the determination of debts for VAT and income tax for 1,252,095,322 pesos, by virtue of the benefits that the mill had obtained, but hidden from the treasury. After auditing, the company proceeded to rectify the corresponding affidavits.
Source: Ambito
