On August 24, 2012 the General Resolution No. 3373 was published in the Official Gazette (the “Resolution”). The Resolution sets forth the derogation of the General Resolution No. 2238 which provided a ‘Validation Certificate of Importers’ Data’ (VCID), and consequently amends the aliquots of the General Resolution No. 2281 referred to the perceptions of the income tax and the value added tax (VAT).
The function of the VCID was to reduce the rate of perceptions paid by importers regarding the VAT and the income tax, through the corresponding registration before the Tax Authorities.
Importers benefited from this regime paid as perceptions of VAT 10% for assets subject to the overall rate (21%), 5% for goods subject to the reduced rate (10.5%), and additionally a rate of 3% for the income tax.
As of September 7, 2012, the date on which the derogation of the VCID will take place and the new aliquots will come into force, these aliquots will be duplicated for all those who are enrolled in the register of importers and exporters, that is to say the companies that were not benefited by the VCID will continue to pay de same amounts. This implies a greater financial cost at the moment of importation, as importers will advance more money to the Treasury at the time of the operation.
According to the Tax Authorities, it is advisable to derogate the resolution which established the guidelines for obtaining the VCID and modification of the respective aliquots due to operational reasons.