Through Resolution No. 3,951 (the “Resolution”), published on November 2, 2016, the Argentine Tax Authorities extended the term for entering the Tax Amnesty Regime, established by Law No. 27,260. Resolution No. 3,919 established that until October 31, 2016 individuals and estates could confirm in the website of AFIP their affidavit regarding the Income Tax and Personal Property Tax of fiscal period 2015, or regarding the Minimum Assumed Income Tax, in the case of companies. The Resolution modifies this date limit, and allows the abovementioned persons to confirm the affidavit until March 31, 2017. The Resolution has only one article:
“In order to receive the benefits, taxpayers must file the affidavit confirming the information from August 16, 2016 to March 31, 2017, including both dates. This must be done through the AFIP website, using the service “Law No. 27,260 – Affidavit for confirmation”. The access to the service requires a fiscal key, at least security level 3, obtained in accordance with the procedure established by General Resolution No. 3,713.”
In addition, the Tax Authorities are considering the possibility of including debts in the Tax Amnesty Regime. As we have explained in previous newsletters, Law No. 26,270 only regulates the amnesty Regime for assets, which may be a limit for those who have activities to disclose. This limitation has been criticized by tax specialists.
- The Argentine Tax Authorities (AFIP) issued the regulation for the Tax Amnesty Regime (disclosure program) established by Law No. 27260.
- Regulation of Tax Amnesty under Decree No.895/2016.
- Argentina passes Omnibus Act.
- Amidst Rumours of a New Extensive Tax Amnesty, the Tax Authorities Increase the System of tax Payment Facilities.