After the inspection and control tasks carried out by the specialized areas of the organization, 72% of the taxpayers summoned regularized their situation and rectified their sworn statements.
These are subjects who had omitted to include, in their determination of Income Tax, transfer pricing adjustments.
“As a result of these actions, the organism that conducts Carlos Castagneto determined adjustments for 600 million pesos,” highlighted an official statement.
Inconsistencies detected by the AFIP
Based on the inconsistencies detected, and the compliance carried out, The AFIP will initiate inspection procedures for those who did not comply with the requirement made, it was specified.
Current regulations stipulate that international operations that local subjects carry out with related companies from abroad or located in jurisdictions with low or no taxation or in non-cooperative jurisdictions, must be carried out as if they had been carried out between independent entities.
Otherwise, the regulations specify, they must proceed to make an adjustment in transfer pricing, which implies a higher income tax in favor of the AFIP.
Source: Ambito
