The tax authority made regulatory adjustments to ensure that taxpayers who comply with their tax obligations can access the tax rate reduction. These modifications seek to facilitate access to the benefit, offering extended deadlines and greater clarity in administrative procedures.
The Federal Public Revenue Administration (AFIP) extended the benefit which consists of a reduction in the tax rate Personal Property Tax for the fiscal periods from 2023 to 2025, granted to those taxpayers who have complied with their tax obligations in the years 2020, 2021 and 2022.
In addition, the General Resolution 5563/2024 AFIP grants a similar benefit to Micro, Small and Medium Enterprises (SMEs) and substitute responsible parties who pay the Personal Property Tax, as stipulated in Law No. 23,966.
What is the discount and who is it for?
If you own property and paid all your property taxes on time in the years 2020, 2021 and 2022, you are entitled to a discount on your taxes for the years 2023, 2024 and 2025. This discount is a kind of recognition for being a good taxpayer.
The application for membership in the benefit of reducing the Personal Property Tax rate can be submitted until October 31, 2024. The service for filing the application will be available between the first business day of April and the last business day of August of each year, and the application will be applicable to the fiscal period prior to the filing date.
And he adds that: “Taxpayers who have already complied with the filing and payment obligations for the 2023 fiscal period can file a corrective affidavit to adjust the rate reduction.“.
What changed with this new resolution?
In this way, compliant taxpayers will have more time to request the discount. The official text highlights that there will be #more clarity in the rules, as the resolution explains more clearly who can request the discount and how to do so.
Source: Ambito
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