Those taxpayers who do not regularize their tax situation face additional withholdings and discounts on transfers.
Starting in December, the money transfers will be subject to stricter control by the new Customs Collection and Control Agency (ARCA)which has replaced the AFIP. The organization implemented new tax parameters that will affect those who do not meet certain requirements when carrying out financial operations. If these requirements are not met, they will be imposed economic sanctions and additional withholdings.
ARCA established that those who are not registered in the tax regimes required or have not submitted the income statement corresponding in time and manner, will be subject to higher tax withholdings. According to the new provisions, those who do not regularize their financial situation could face a additional discount in transfers, including VAT perceptions and one withholding of up to 5% on Gross Incomea much higher percentage than usual.
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The ARCA requirement to not have to pay transfers
To avoid the sanctions and withholdings established by ARCA, it is essential that taxpayers regularize your tax situation before carrying out any financial operation. Those who do not meet the criteria established by the new agency, such as being within the tax regimes corresponding and present their statements in time, they must face additional costs when receiving transfers, including payment of additional VAT receipts and Gross Income withholdings.
Source: Ambito
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