“The province of Misiones adheres to the terms provided in Title II of National Law 27,743, Palliative and Relevant Fiscal Measures, called the Asset Regularization Regime, which contains Chapters I to VIII and articles 18 to 44 respectively, which as Annex I forms an integral part of this law,” says article 1 of the provincial law published in el Official Missionary Bulletin.
Article 2 of the law states: “Within the framework of National Law 27,743, Palliative and Relevant Fiscal Measures, a Asset Regularization Regime for legal entities, natural persons and undivided estates, whether or not registered with the General Revenue Directorate of Misiones, that have externalized the holding of assets in accordance with the aforementioned law and that, as a result, fall within the scope of the taxation jurisdiction of the General Directorate of Revenue, within a period that extends from its validity and until April 30, 2025 inclusive, with the power of extension by the provincial Executive Branch in the event that the validity of the national Regime is extended.”
According to provincial regulations, “in the case of natural persons, The declared assets must be pre-existing as of March 31, 2024 and, in the case of legal entities, They must be pre-existing at the closing date of the last balance sheet issued prior to the March 31, 2024.”
“The amounts resulting from externalization of assets must be declared as stipulated in National Law 27,743, Palliative and Relevant Fiscal Measures, relevant part, and In accordance with what was stated in the same sense by the Federal Public Revenue Administration (AFP), in the proportion that is relevant to this jurisdiction,” says the provincial law.
Without much enthusiasm in the Interior
20 districts are still outside the asset externalization programincluding the City of Buenos Aires, whose legislatures would have to pass a law to adhere to the national law and it seems unlikely that this will happen.
Thus, after correcting several drafting errors and deadlines, the plan that the Government devised for people to declare hidden assets, preferably dollars in cash, has the main barrier to the voracity of provincial tax authorities.
One thing to keep in mind is that The Government has been losing between 7% and 8% of its revenue so far this year. due to lower activity. Something that has been compensated with the increase of the PAIS Tax from 7.5% to 17.5% at the beginning of the year. But these funds are not shared and The provinces register an average drop in tax collection of 14%
In turn, The Nation almost completely eliminated non-automatic transfers. This means that the provinces are not in a position to bear the loss of income. Even the governors are accompanying the national adjustment with a real drop in expenditure of around 20% on average.
This implies that subnational states They have no major incentives to adhere to the money laundering. On the contrary, They will try to go for what the Nation will be giving up collecting.
Mario Volman, professor of taxes at the UBA, explained to Scope that “Law 27,743 invites the provinces to adhere to national money laundering since this national law cannot legislate on matters of provincial taxes.”
“If a province does not adhere and any corporation that sells stationery launders US$50,000, the provincial treasury could accuse it of having made black market sales. and then ask him to pay the Gross Income Tax,” he warned.
Source: Ambito
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