AFIP establishes the optional procedure for the cancellation of pension obligations when they hinder the granting of bank loans based on the obligation of entities to require employers to be free of pension debt before granting the loan.
The Federal Public Revenue Administration (AFIP), through the General Resolution No. 4128 published in the Official Gazette this Monday (18.09.2017) established that those Employers with pension debts will be able to apply for loans from banking entities, provided that all or part of the requested money is used to cancel the sums owed to the AFIP.
To this end, before approving a loan, financial institutions may access the AFIP website (www.afip.gov.ar) with tax code to the service "Consultation for financial institutions of pension debtors”, in order to verify the existence or not of pension debts, and to notify the citizen, if he or she has them.
The debtor, for his part, will be able to verify the details of the debt through the “Tax Accounts” service, and will generate an electronic payment slip (VEP) that will be directed to the payment network corresponding to the financial institution that granted the loan. The bank will cancel the pension debt and may grant the loan for the excess amount.
In the case of public financial institutions, they must verify that the loan applicant is not included in the Public Registry of Employers with Labor Sanctions (REPSAL).
This regulation will come into force effective October 9 of 2017.
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