AFIP has removed the requirement to report all transactions between landlords and tenants to the agency. What will happen to contracts that are already registered?
This simplification of real estate transactions promoted by the AFIP is added to the repeal of the Certificate of Transfer of Motor Vehicles (CETA), the document that had to be issued when selling a used motor vehicle or motorcycle registered in the country.
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The Federal Public Revenue Administration (AFIP) eliminated the obligation to register rental contracts for urban and rural properties. The agency said in a statement that it is thus “continuing its ongoing process to reduce the administrative and bureaucratic burden on taxpayers and those responsible.”
By means of General Resolution 5545/2024, AFIP has eliminated the requirement to report all transactions between landlords and tenants under the “Real Estate Lease Contract Registration Regime (RELI)”pursuant to Decree of Necessity and Urgency No. 70/2023, which repealed the rental law.
What changes if I register the rental contract?
At the same time, the new AFIP resolution establishes that taxpayers who want to enjoy the tax benefits in the Simplified Regime for Small Taxpayers (RS) and in the taxes on Credits and Debits in bank accounts and other operations, on Personal Property and Income – contemplated in Law 27,737 – must declare their rental contracts in the “Real Estate Lease Registry – RELI” service on the agency’s website with a tax code, before September 30, 2024 or within 15 calendar days after its celebration, as the case may be. Those who have already registered their contracts will not have to do so again, unless there are modifications or updates.
In line with this measure and with the aim of reducing the administrative burden on taxpayers, through General Resolution No. 5547/2024, in relation to income tax, the obligation of the employee in an employment relationship to attach – in the SiRADIG service – a copy of the rental contract for the property for use as a home was eliminated. This requirement was necessary to have access to the deductions of 40% and 10%, respectively, of the amounts paid for this rental.
Other procedures repealed by the AFIP
This simplification in real estate operations promoted by the AFIP This is in addition to the repeal of the Certificate of Transfer of Motor Vehicles (CETA), the document that had to be issued when selling a used motor vehicle or motorcycle registered in the country.
In addition, during the current administration, the agency repealed the general resolutions that required agricultural producers to submit five sworn declarations per year with their harvest, and, in the same sense, repealed the Argentine Republic Import System (SIRA) and the evaluation of the Economic and Financial Capacity (CEF) to authorize imports, with the aim of facilitating foreign trade.
Source: Ambito
