Accounting studies are These days we are receiving queries from our clients regarding the first key date established by the new tax moratoriumThe deadline for accessing a 70% discount on punitive and compensatory interest will expire on August 15.
“There is a lot of interest and they are aware of the date,” said GNP Group CEO Guillermo Pérez to ÁmbitoThe tax expert commented that many of the taxpayers who are willing to pay this week are those who litigated against the Federal Administration of Public Revenue (AFIP) for the Solidarity Contribution.
Next Thursday is the deadline for the first of the periods set out in the programme launched by the Government within the framework of the Tax Regularisation Programme. Until then, a 70% discount on compensatory and punitive interest and 100% on fines may be obtained.
To do this, the taxpayer You will have to pay the consolidated debt in one payment or up to three installments..
A key moment for the moratorium
Sebastian Dominguez, from SDC Tax Advisors He noted that “Most people are trying to get into the week which comes with the maximum discount”.
Punitive interest is the interest that the AFIP begins to charge from the moment a taxpayer defaults, while compensatory interest is the interest that is applied when the agency must initiate legal proceedings.
At the momentthe rates of these taxes are approximately half of what the Banco Nación pays for receiving fixed-term deposits. So in the long term they usually generate a large debt.
What is allowed to be regularized
The Moratorium allows for regularization of tax, customs and social security debts as of March 31 of this year. Contributions to social services, contributions to domestic employees, ART fees and violations of the Baggage Regime, among others, cannot be included.
After that period, lThe next window closes on September 14, 60% will be forgiven, and you will also have to pay in cash or in three installments. Until October 14, meanwhile, the benefit is 50%.
Those who cannot pay in cash, they will be able to access plans of up to 84 installments. In long-term plans the Interest forgiveness will be 40% if the membership is made between now and October 14; and will be only 20% if the payment is made between October 15 and December 13 inclusive.
When choosing this option, it must be taken into account that the AFIP will require an initial down payment of 15% to 25% of the consolidated debt. And that will apply a variable rate linked to the commercial discount rate of Banco Nación.
Caputo hopes to build a cushion of pesos
It is then expected that in August the Minister of Economy, Luis Caputo, can obtain extraordinary tax resources that will allow him to improve the income of the treasuryIn June, tax collection fell by 10% in real terms, while in May it fell by 14% in real terms compared to the same period last year.
Caputo thus seeks to raise a quantity of funds that act as a buffer against the imminent reduction of the PAIS Tax in September, which will fall from 17.5% to 7.5%. Private estimates indicate that this reduction would cost the government around $300 billion a month, which it will have to offset from then on with the reinstatement of the Income Tax.
Source: Ambito
