Axel Kicillof charges large companies an advance on Gross Income after Javier Milei’s cut

In a statement, the Collection Agency of the province of Buenos Aires regulated Article 136 of Law 15479 (Tax for the year 2024) and determined that “the additional tax advance on Gross Income, which large taxpayers with activity in concentrated areas of the economy must pay this year, “It will be paid in a single installment that will expire on March 8.”

“According to ARBA Regulatory Resolution 11/24, published today in the Official Gazette of the province of Buenos Aires, “This additional advance covers those companies that concurrently meet two requirements: being large taxpayers, given their level of operating income, and developing an activity that corresponds to a market with a high degree of concentration,” says the release.

How much will large companies have to pay?

According to official information. the amount to be paid by these taxpayers It will be equivalent to 4 times the amount of the advance payment of Gross Income corresponding to October 2023.

Meanwhile, for those who have not presented sworn declaration or reported income in that month, The additional amount will be calculated by multiplying by 4 the amount of the last non-prescribed advance, increased by 70%.

The Collection Agency will notify, through the electronic tax address of each of the companies reached by the measure, both the amount to be paid and the due date, as well as the data that verifies their status as large taxpayers active in a highly concentrated market.

“When the company records balances at in favor of Gross Income, the settlement will be issued for the difference that is owed once the surpluses registered by ARBA have been computed. in the taxpayer’s current account,” the note states.

How to obtain the settlement of the advance payment of Gross Income

ARBA indicates that, “to obtain the settlement of payment of the additional advance of Gross Income, you must access a specific application that will be available on the website www.arba.gob.ar, using CUIT and CIT codes.”

“By complying with this additional advance payment of the Gross Income Tax, companies will benefit from a reduction in rates in all collection regimes. Likewise, no increase in rates will be applicable to them based on representative categories of fiscal risk for one year, counting from the month following the month in which the payment is made,” clarifies the body in charge of tax collection in the province.

The additional advance of Gross Income includes those who pay taxes in the local regime or the Multilateral Agreementas long as they comply with the requirements established by ARBA, but excludes from the obligation cooperatives, non-profit civil associations, companies and state-owned companies or corporations with state participation, mutual societies or public entities, as well as taxpayers that provide services linked to the distribution of electrical energy, natural gas through the network or the provision of drinking water and sewage.

Risks of not paying

In respect of Those who fail to comply with the obligation, the Collection Agency will include them in the highest representative category of fiscal risk. Furthermore, the debts corresponding to the additional advance, its interests, accessories and fines may not be regularized through the payment plans provided for in Regulatory Resolution 36/2023.

Within the considerations of The ARBA rule that regulates the additional advance of Gross Income, it is emphasized that “the country is going through an especially delicate situationwith a very high degree of uncertainty regarding the future of the main economic and social variables, the province of Buenos Aires being no stranger to this reality.”

In this context, he maintains that “it is imperative to have management tools that allow the Province to obtain the necessary resources to guarantee the functioning of the State, respond effectively to the needs of the population and provide the services that are within its competence.”