Measures with tax impact | AFIP Resolution No. 4703/2020 – Tax Recess and others.
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Tax Department Report | Measures with tax impact | AFIP Resolution No. 4703/2020 – Tax Recess and others
Dear Sir or Madam,
We hereby inform you about the following measures with tax impact:
1. General Resolution No. 4703/2020 (Federal Tax Authority) | Tax Recess.
Through General Resolution No. 4703/2020, the Federal Tax Authority stated a new extraordinary tax recess from April 27th to May 10th, 2020. During such period, procedural terms governing national administrative proceedings related to tax, social security and customs matters are suspended.
Nevertheless, deadlines for the filing of tax returns and payment of taxes are not modified nor extended and original schedules remain in force.
Furthermore, the extraordinary tax recess would not trigger effects over tax audits based on the information provided by the Organisation for Economic Co-operation and Development (OECD), as from April 29th, 2020.
2. General Resolution No. 4704/2020 (Federal Tax Authority) | Extension of the suspension of the exclusion and automatic cancellation under the Simplified Tax Regime for Small Taxpayers (Monotributo)
Through General Resolution N°4704/2020 , the Federal Tax Authority (the “AFIP”) extended up to May 2nd, 2020, the suspension stated by General Resolution No. 4687 referred to the Monotributo’s exclusion procedure. Moreover, and as temporarily measure, the AFIP stated that April, 2020, shall not be considered for the term calculation that leads to the automatic cancellation of the Monotributo.
3. Resolution No. 177/AGIP/2020 (Tax Authority of the City of Buenos Aires) | Tax proceeding terms.
Through the Resolution No.177/AGIP/2020, the Tax Authority of the City of Buenos Aires stated that days running from April 28th to May 11th, 2020 shall not be computed in tax proceedings.
However, such a measure is not applicable for terms related to criminal proceedings.
Should you require any further information on this matter, please do not hesitate to contact us.
Sincerely,
Santiago L. Montezanti