AFIP eliminates key requirement to access bank loans

AFIP eliminates key requirement to access bank loans

The agency eliminated a prerequisite for financial entities to grant loans to employers, since information on the latter’s pension obligations is already available in other systems.

Through General Resolution 5506/2024 of the Federal Administrator of the Federal Administration of Public Revenues (AFIP) a series of legal provisions and measures adopted in relation to the pension obligations of employers and the simplification of procedures.

The official text repeals the rule that established a simplified procedure for financial entities to verify the situation of employers with respect to their pension obligations. The decision is based on the prior repeal of Law No. 14,499 and its modifications, through the Decree of Necessity and Urgency No. 70/2023.

In other words, the AFIP eliminated a prerequisite for financial entities to grant loans to employers, since the information on the pension obligations of the latter is already available in other systems.

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The official text ensures that the AFIP is reviewing the different registries and information regimes to eliminate obstacles, facilitate trade and reduce costs. Likewise, the entry into force of the Resolution is from the day of its publication in the Official Gazette.

The text reminds

  • The repeal does not mean that financial institutions They should not verify the situation of employers with respect to their pension obligations.
  • Financial entities can continue to use other means to obtain this information, such as, for example, directly consulting the AFIP or the pension funds.
  • employers remain responsible for meeting their obligations forecasts.

Source: Ambito

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