Through General Resolution No. 5600, which will be published on Monday in the Official Gazette, the agency (former AFIP) raised one of the parameters considered for the process from $50 million to $150 million.
The Customs Collection and Control Agency (ARCA) established a special procedure for the calculation of income tax advances for the fiscal period 2024, corresponding to individuals and undivided estates. Besides, extended the expiration date of the first advance to November 25.
Through General Resolution No. 5600, which will be published on Monday in the Official Gazette, the agency (former AFIP) raised one of the parameters from $50 million to $150 million considered so that taxpayers and responsible parties who exercise the option of reducing advance payments require a special procedure with additional controls.
What are advances?
The advances are payments on account of a certain tax to which a taxpayer is obliged. These payments are deducted from the determined amount of the main obligation at the time of submitting the corresponding sworn declaration.
Who must pay them
All the human persons and undivided successions registered in the tax 5 advances must be determined and enter each of them.
How advances are entered
The advance payment must be made through the AFIP Electronic Wallet or through Electronic Payment Flyer (VEP)accessing the service with a tax code “Presentation of DDJJ and Payments” and using the following codes for consolidation:
- Tax: 011 – Income of Individuals
- Concept: 191 – Advances
- Subconcept: 191 – Advances
Source: Ambito
