Through this process, employees can communicate to their employers the deductions, perceptions and others income from additional jobs, if applicable.
AFIP earnings: who must complete the form
Among the taxpayers required to make this declaration are:
- Employees in a dependency relationship.
- Public workers.
- Magistrates.
- Employees of the Power of attorney appointed as of 2017.
- Retirees and pensioners.
- Members of work cooperatives.
AFIP earnings: what expenses are considered deductible
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It is important to note that there are various expenses that can be considered deductible from the Income Tax. The main ones are:
- Expenses related to services and tools used for educational purposes.
- Family responsibilities.
- Rentals.
- Fees paid for services private medicine.
- For those taxpayers who have personnel in charge at home, it is possible to deduct both the remuneration such as employer contributions paid.
- Interests derived from loans mortgage.
AFIP Profits 2024: what are perceptions and withholdings
The perceptions and withholdings are advance payments of taxesespecially in the Income Tax. The perceptions are applied when purchasing goods, such as the acquisition of Dollarswhile withholdings are applied when selling goods, such as products in Free market. These advance payments are deducted from the total to be paid in the corresponding tax.
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AFIP
In the event that, the sum of perceptions and withholdings exceed the amount to be paid, it will generate a credit balance that can be used up to the next 5 years from its origin. If it is not reached, you can request its returnprovided that a series of requirements are met:
- Not being registered in the Income Taxnor is it appropriate to make said registration.
- Be enrolled in the Income Taxbut not in Personal property.
- Be enrolled in the Personal Property Taxbut not in Profitsexclusively for the perceptions made under code 217.
- If you work in dependency relationshipnot suffer withholdings Income Tax by the employer.
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Besides, AFIP establishes another series of requirements to request the return of the perceptions:
- Count on Unique Tax Identification Code (CUIT).
- Possess Fiscal key.
- Inform the Uniform Bank Code (CBU) from the bank account through the “CBU declaration for collections of tax, customs and social security origin“.
- Count on the cancellation of debts and/or regularization of inconsistencies.
- Possess Electronic Tax Address.
Source: Ambito
