Starting this month, ARCA adjusts the compensatory and punitive interest rates. In turn, at the end of the month the organization will decide what will happen with tax executions.
Starting in December, the Customs Collection and Control Agency (ARCA) will adjust the compensatory and punitive interest rates. Compensation rates will go from 6.41% to 7.47%, while punitive rates will rise from 7.39% to 8.62%. This increase raises the question about what is the best option to assume debts.
Starting next Monday, the treasury will implement these changes, which implies an increase of 1.06 percentage points (pp) in compensatory interest, reaching a daily interest of 0.249%, and 1.23 pp in punitive interest, which will have a daily interest of 0.237%. This makes it, incredibly, cheaper to borrow from a bank than from the treasury.
In turn, the body headed by Florencia Mirashi must decide what will happen with tax executions. Because, when Javier Milei’s government began, the tax execution trials that reach micro, small and medium-sized businesses, small taxpayers, non-profit entities and taxpayers in the health sector were suspended until December 31 of this year.
ARCA: what period do debts with the treasury expire?
The government of Javier Milei reported how much time the national State has to demand payment of tax debts from taxpayers before they expire and they are exempt from paying them.
ARK reported that in Argentina Tax debts expire after five years to be generated. However, it is worth clarifying that it is not exactly five years but rather the period starts running from January 1 of the following year upon payment due.
That is, if a taxpayer carries a debt in February 2025, the period to account for the prescription will begin to run from the first day of the following yearthat is, 2026 and will mature on January 1, 2031. The same happens if the debt dates from December 2025.
Anyway, The national collection agency recalled that it has exceptions such as for taxpayers not registered in ARCA The term will be extended twice as long, that is, they will expire only after ten years and for monotributistas it has prior collection measures.
Source: Ambito
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