The Federal Public Revenue Administration (AFIP) will implement a new payment facility plan for tax and Social Security debts due by January 31, 2019, which will also allow the refinancing of debts included in the Puente II plan.
The new plan provides the possibility of refinancing unpaid periods linked to tax and social security obligations, and includes tax withholdings and collections.
Benefits
The benefits of the initiative include a maximum rate of 2,5% per month. and a payment on account of only 1% of the debt for SMEs, self-employed and freelancers.
The maximum rate of 2,5% per month will also apply to the rest of the taxpayers who make an initial payment on account of 20% of their debt.a; Meanwhile, those who opt for a 5 or 10 percent advance payment will not enjoy this benefit.
The first installment of the installment plan will be due on September 16, 2019, regardless of the date of entry into the plan.
The new plan will have a maximum amount of 60 installments, while the minimum amount of the down payment and the monthly fee will be $1.000.
This amount of installments will apply to both SMEs and the rest. of taxpayers who make a 20% down payment; however, the installments will be up to 36 for those who make a 5% down payment and up to 48 for those who opt for 10%.
For the installments, the TM20 interest rate will be taken as a basis. (which results from an average of the interest paid by banks on fixed-term deposits of more than $20 million), with a calculation that will be determined every three months, based on its value in effect on the 20th of the month prior to each quarter. As an example, it is worth mentioning that the rate for the October-December quarter of this year will be set at the value of September 20.
Between May and August
Taxpayers will be able to enter the plan between May 15 and August 31 of this year.or, except for those who opt for the 20% advance payment; in this case, the plan will only be available until June 25.
This regime will also allow, as of June 1, the refinancing of debts included in the Puente II plan, which expired on January 31, with an initial payment on account and considering the outstanding balance.
Clarification
One aspect to note is that they are not included in this payment facility plan advances, payments on account, interest from cancelled capital, additional emergency tax on the final sale price of cigarettes, tax on liquid fuels and natural gas, obligations linked to promotional regimes and specific tax on betting.
This is a new step by AFIP in its quest to make it easier for taxpayers to carry out their activities and, at the same time, to comply with their tax obligations.
Aduana News is the first Argentine customs newspaper to launch its digital version. With 20 years of experience, its publications and initiatives aim to provide the most relevant knowledge on customs issues in order to contribute to safe trade in the region.
