AFIP General Resolution No. 4738/2020: extension of the suspension of the exclusion and automatic cancellation under the Simplified Tax Regime for Small Taxpayers (Monotributo) and other measures with tax impact.
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Tax Law Department report | AFIP General Resolution No. 4738/2020: extension of the suspension of the exclusion and automatic cancellation under the Simplified Tax Regime for Small Taxpayers (Monotributo) and other measures with tax impact
Dear Sir or Madam,
We hereby inform you about the following measures with tax impact:
1. AFIP General Resolution No. 4738/2020 (AFIP, 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 No. 4738/2020, the AFIP extended up to July 1st, 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 the periods of March, April, May and June 2020, shall not be considered for the term calculation that leads to the automatic cancellation of the Monotributo.
2. AFIP General Resolution No. 4740/2020: extension of the suspension of precautionary measures against micro, small and medium-sized enterprises (MiPyMEs by its Spanish acronym)
Through the General Resolution No. 4740/2020, the AFIP extended until July 31st, 2020 the suspension of the enforcement of precautionary measures against entities registered as micro, small and medium-sized enterprises in the MiPyMEs Register (“Registro de Empresas MiPyMEs”), as well as against entities registered in the Registration System (“Sistema Registral”) as potentials MiPyMEs – Frame I and II (“Potencial Micro, Pequeña y Mediana Empresa – Tramo I y II”).
3. AFIP General Resolution No. 4741/2020: suspension of tax execution proceedings.
Through General Resolution No. 4741/2020, the AFIP decided to suspend the initiation of tax execution proceedings until July 31st, 2020.
However, this suspension does not apply to legal actions that should be executed in order to prevent the expiration of the statute of limitations to assess and claim the payment of taxes, interest, and fines.
4. AFIP General Resolution No. 4742/2020: extension of deadlines to subscribe to the Installment Payment Plan
Through General Resolution No. 4742/2020, the AFIP extended up to July 31st, 2020 the deadline to subscribe to the Installment Payment Plan for those tax obligations included in previous installment payment plans expired up to April 30th, 2020 (General Resolution No. 4718/2020).
5. AFIP General Resolution No. 4743/2020: extension of deadlines related to Corporate Income Tax for legal entities
Through General Resolution No. 4743/2020, the AFIP extended up to August, 18th, 2020, the due date to file the FY 2019 Corporate Income Tax accounting reports, financial statements, and auditor reports of Companies whose tax year ended in November 2019, December 2019 or January 2020.
Should you require any further information on this matter, please do not hesitate to contact us.
Sincerely,
Santiago L. Montezanti