The most appropriate thing is for the Executive to issue a new decree postponing for the third time the repatriation period that originally would have expired on March 31, 2024.
On May 31, the deadline for the repatriation of foreign currency and the proceeds from sales of financial assets abroad will operate to achieve a lower rate in the Tax on Capital. Personal propertybut pay attention to the lack of consensus with the senators regarding the fiscal package must be extended again.
The delay in its approval (which, given its modifications, will return to Deputies) brings with it a marked uncertainty in relation to compliance with tax obligations for both taxpayers and the tax administration, which will no longer be able to collect on the scheduled due dates.
The most favorable conditions offered by the bill that modifies Personal propertyand which applies to the 2023 fiscal period that expires in mid-June, generates a necessary wait that the government is aware of. So much so that the most appropriate thing is for the Executive to issue a new decree postponing for the third time the repatriation period that originally would have expired on March 31, 2024.
At the same time, if a new extension is made, it will no longer be limited to the aforementioned period since the tax sworn declaration expires, according to the CUIT, on June 11, 12 and 13, since an extension of the presentation of the sworn tax returns must be contemplated. Personal Assets and also Earnings, taxes for which changes are expected, particularly around the fourth category.
All professional institutions of economic sciences have requested the implementation of new expirations and in general agree that they should be projected for 90 days after the law comes into effect in order to give time to modify the applications regarding administration. tax and the reformulation of work papers based on the modifications that come into force.
Assuming that the Treasury accepts this proposal, the new expiration dates would be in the second half of August, as long as the project becomes law in the first half of June.
Source: Ambito
