With very little time left until expiration, the Federal Public Revenue Administration published the regulations of the Government measure that extended by one week the deadline to enter the Special Regime for the Entry of Personal Property. It is used for people who laundered assets.
The Federal Administration of Public Revenue (AFIP) published the regulations that allow the reopening of the Special Regime of Gross Income (REIBP) that, due to the delays of the government itself, from the moment it decided on the measure and its implementation There will only be 5 days left.
This is a measure that, however, was expected by tax advisors for clients who had banked assets and then they had problems adding them to the regime and pay 75% of the determined taxwith which they were going to be left out. The new due date is October 28 for membership and payment of the advance and three days later they will have to pay the rest.
He first expiration of REIBP operated on September 30 coinciding with the first stage of the launderingso that people had time until that moment to declare the laundered funds to their assets and access the benefit of paying a rate of 0.45% for the anticipated 5 years. Then, the expirations of the laundering stages were moved by one month and, therefore, the expiration for the special regime also had to be adjusted.
Sebastián Domínguez, CEO of SDC Asesores Tributarios, said to Scopein response to the query due to the short deadlines, which “You don’t look a gift horse in the mouth”. “This is something that people could have done before and didn’t do it perhaps because of ignorance, and It cannot be extended more than that, because at the end of the month the first stage of the laundering expires. Is positive that they did itor because there were many people who had been left outside,” he explained.
The five keys to the REIBP
Below are details five keys to the advance payment of Personal Assets prepared by Sebastián Domínguez:
Who can join the REIBP on this occasion?
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Those taxpayers who opted to join the REIBP as of September 30, but did not comply with all or some of the following obligations: initial payment, payment of the balance and/or presentation of the sworn declaration.
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Those taxpayers who did not opt to join the REIBP as of September 30 but who submitted the Personal Property Tax Affidavit for the 2023 Fiscal Period.
What is the new deadline to opt for the REIBP?
- Those taxpayers who submitted the Personal Property Tax Affidavit for the 2023 Fiscal Period until September 30, will be able to join the REIBP until October 28.
- For this, must submit the sworn declaration form F. 3337, through the “Special Regime for the Entry of Personal Assets (REIBP)” service.”, selecting the “Adhesion option” button.
- It is important to remember that in order to opt for the REIBP of the declared assets, the tax must be determined for the 2023 Tax Period.
Until what date can the initial payment of 75% of the tax be made?
The initial payment of 75% of the REIBP is due on October 28, 2024.
What is the new due date for the payment of the REIBP balance and the presentation of the Affidavit?
The payment of the balance of the REIBP and the presentation of the Affidavit, as well as the payment of the penalty for having paid less than the initial 75%, if applicable, expires October 31, 2024.
Can tax credits, advances, payments on account and balances in favor of taxes on account of the REIBP be computed?
- Yes, it is possible to compute tax credits, advances, payments on account, including withholdings and receipts suffered and the balances in favor of free availability of any tax that could have been computed against the balance of the personal property tax for the 2023 Fiscal Period. .
- The same may be deducted for purposes of determining the 75% down payment or final tax paymentat the option of the taxpayer.
- The balances in favor of free availability of any other tax dmust be declared in the “Computable Freely Available Balances” field of F.3339 and, then, the “Compensation” must be carried out through the Tax Account System.
Source: Ambito
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