The tax agency established that compensatory interest rates will be reduced from April 1 to May 31.
Key for AFIP debtors: interest rate reduction since April
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The Federal Administration of Public Revenues (AFIP) reduced compensatory and punitive interest rates starting in April, for taxpayers who must regularize their tax debts.
In this way, the tax agency ordered that the compensatory interest rates will be reduced from April 1 to May 31, at 12.07% monthly, from the previous 15.27%.
In the case of The penalty interest rate will be 13.93% monthly, from the previous 17.62%.
In the recitals of the measure, the Ministry of Economy explained that it adjusts the rates “in order to stimulate the timely cancellation of obligations and prevent delinquent taxpayers from financing their activities through non-compliance with taxes, reestablishing, for such purposes, an automatic update scheme”.
Compensatory and punitive interest rates: how they are calculated
The Ministry of Economy established, through resolution 3/2024, the way in which the compensatory and punitive interest rates will be calculated.
In this regard, it determined that The compensatory and punitive interest rates for debts in pesos will be the effective monthly rate equivalent to 1.3 times and 1.5 times, respectively, the Monthly Effective Active Rate of current account overdrafts not previously requested from the Banco de la Nación Argentina.effective on the 20th of the month immediately preceding the beginning of the aforementioned two-month period.
When the obligations in question are expressed in US dollars or must be paid according to the amount of categories or other similar concepts, The applicable rates will be 0.83% monthly when it is compensatory interest and 1% monthly when it is punitive interest.
Source: Ambito
