The Federal Public Revenue Administration (AFIP) regulated this Tuesday (07.01.2020) the Tax for an Inclusive and Solidary Argentina (PAIS), which taxes with 30% the purchase of foreign currency for savings, card expenses and the payment of services abroad, and which is part of the law called "Social Solidarity and Productive Reactivation" sanctioned by Congress.
By General Resolution 4659/2020 Published in the Official Gazette, the tax collection agency established the form, deadlines, requirements and other conditions for the declaration and payment of the PAIS Tax.
The following are highlighted from the regulations:
– Subjects susceptible to perception: those defined in Art. 36 of Law No. 27.541 who are residents in the country, in accordance with Art. 116 and following of the Income Tax Law, text consolidated in 2019.
– Determination and opportunity of perception: It will be applicable to the extent and proportion in which the transactions covered by this tax are paid in pesos. The rate will be applied to the amount in pesos of the transaction covered.
– Income and perception information: Collection and settlement agents must request registration through the Registry System in the PAIS tax Regime(s). The payment of the collections made will be made on a weekly basis. The preparation of the sworn declaration containing the nominative information of the collections made in each calendar month will be carried out observing the procedures, deadlines and other conditions established by General Resolution No. 2.233 “Withholding Control System (SICORE)”.
– Self-retention: Subjects to whom the collection has not been made in accordance with the terms of this regime, or those to whom it has been made partially, must pay the tax not collected until the 25th of the month following the month in which the aforementioned collection should have been made, by means of an Electronic Payment Slip (VEP).
– Perceptions practiced before regulation: The income of the perceptions made between the entry into force of Law No. 27.541 (23/12/2019) and 7/1/2020 inclusive, will be considered entered on time if it is made until January 20, 2020, inclusive.
The provisions of the general resolution will enter into force immediately and will apply to transactions carried out after the entry into force of Law No. 27.541, that is, on December 28, 2019.
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