The Ministry of Justice, through the issuance of Resolution 366/24 (BO 5/12/24) stipulated that until December 16 there will be time for the payment of the Annual Rate for Joint Stock Companies, which is usually called It is also known as the annual tax on public limited companies or the IGJ tax.
In effect, joint-stock companies that are registered with the General Inspection of Justice (IGJ), that is, those located in the Autonomous City of Buenos Aires, are required to pay this annual rate.
This rate remunerates the services provided by the control body and was implemented by the Chief of the Cabinet of Ministers (JGM) through Administrative Decision 46/2001, having generated more than one controversy and litigation around its legality; However, it still remains.
Obligation amount
To determine the amount of the obligation, the company must add the share capital plus the capital adjustment account, according to the latest financial statements (balance sheet) that must have been submitted to the IGJ prior to the set maturity.
The amount thus obtained must be compared with the attached table to determine what range it is in and thus stipulate the amount of the fee to be entered.
Those stock companies that have paid the respective incorporation fee in the same year are not required to pay the fee.
Lack of income
There are sanctions for those companies that fail to comply with the obligation to pay the fee. They will be liable to a fine, on the omitted amounts, equivalent to the amount resulting from applying one and a half times the monthly interest rate used by the Banco de la Nación Argentina (BNA) in its discount operations for commercial documents.
In cases in which the obliged companies have not presented the corresponding balance sheets, the IGJ is empowered to estimate the rate ex officio.
Source: Ambito
I am Pierce Boyd, a driven and ambitious professional working in the news industry. I have been writing for 24 Hours Worlds for over five years, specializing in sports section coverage. During my tenure at the publication, I have built an impressive portfolio of articles that has earned me a reputation as an experienced journalist and content creator.
