The collection agency simplified the system and postponed for five business days the expiration of the presentation of the liquidation of the period 2024.
The Customs Collection and Control Agency (ARCA) introduced Modifications in the way of processing workers’ withholdings that are reached by the Profit Tax. Among them, it postponed until May 9 the presentation of the liquidation of the fiscal period 2024.
It’s about changes that simplify the procedures for cases where differences with the determined tax arise, among others. The situation of those who entered the Special Personal Entrance Regime (REIBP).
According to him tributary Sebastián Domínguez, CEO of SDC Tax Advisors, “The norm seeks to modernize the regime, incorporate alternatives to facilitate compliance and update heritage parameters.” “However, its implementation for certain cases in only 5 business days, raises challenges, “he explained.
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The seven changes of the ark in the Income Tax
The modifications were published in the Official Gazette through General Resolution 5683 and are the following:
- When the employer does not practice the total retention of the tax – for error or omission, even if it were attributable to the worker -, the beneficiary may enter the balance not retained by means of an electronic payment flyer (VEP), without the need to register or present the annual determination of the tax.
- There will be three ways to register with the Income Tax: one is with registration and presentation of an affidavit, when the employer does not practice the total retention of the tax corresponding to the fiscal period – for error, omission or any other cause, even if it were attributable to the worker. Another is the presentation of a voluntary affidavit, when the worker wishes to incorporate a deduction and the last is the simplified procedure, when the company does not retain completely and the employee enters the difference through an electronic payment flyer.
- The beneficiaries of grove taxed, exempt and non -taxed equal or exceeding $ 150,000,000 must submit the sworn declaration of personal goods as of December 31 of each year. This amount will be adjusted annually according to the CPI published by the INDEC corresponding to the month of October of the year prior to the adjustment compared to the same month of the previous year.
- Employees who have adhered to the Special Income Regime on Personal Assets (REIBP) provided by Law 27,743, are exempted from the obligation to submit an informative affidavit of the Tax on Personal Assets between fiscal periods 2024 and 2027.
- It is redefined when it corresponds that the employer presents form 1359 annual settlement before the ark. It will be, among other cases, if it did not completely retain the tax or if the income exceeds an amount determined by a certain type of deductions practiced during the year. Previously, employers were not obliged to submit Form 1359 to Arca when they had correctly retained the tax and the worker’s income did not exceed the threshold to submit an affidavit of the personal property tax.
- The annual settlement corresponding to fiscal period 2024 may be submitted until May 9, 2025, inclusive. The tax to enter or reintegrate will be applied with the first payment after April 30, or in the subsequent if necessary during the month of May.
- The resolution enters into force on April 30, 2025, date of its publication in the Official Gazette, and is applied to fiscal period 2024.
Regarding the postponement ofThe deadline for the liquidation of fiscal period 2024, Domínguez indicated that “it is scarce because May 1 is a holiday and May 2 non -working day.” “Most companies will have only 5 business days to prepare 1359 employees for which he had no obligation to do so. It would be convenient to extend the deadline until May 16, 2025, that is, two full weeks.”
Source: Ambito
