General Resolution No. 4758/2020 – Income Tax Deadline Extension

On July 13, 2020, the General Resolution No. 4758/2020 issued by the Federal Administration of Public Revenue (“AFIP”) was published in the Official Gazette. The Resolution establishes an exceptional extension until August 31, 2020, inclusive, of the payment of income taxes and personal assets corresponding to the fiscal period 2019 in the following terms:

  • For individuals  and undivided successions included in General Resolutions No. 975 and No. 2,151, the extension is stipulated until August 31, 2020 and in up to THREE (3) installments, with a payment on account of TWENTY-FIVE PERCENT ( 25%) and at the financing rate established in said rule.
  • For the companies and trusts included in paragraphs a), b), c), d), e) and in the last paragraph of Section 49 of the Income Tax Law, the section 4 of General Resolution No. 4,714 is replaced, modifying the deadline date of the term with “… until August 31, 2020 …”.

In the context of the declared COVID-19 pandemic, which has had an impact on the social and economic life of the population of this country, this expands the taxpayers covered and grants individuals and undivided successions the possibility to access this up to three (3) installments plan, plus the interests provided in General Resolution 4057-E from 2017, with an advanced payment of twenty-five percent (25%) at the time of availing the payment plan.

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