The Government promulgated the 27.562 law of extension of the tax moratorium, which provides that pension, tax and customs debts due by July 31 may be paid in installments, and there are prizes for compliant taxpayers.
This is the norm approved by the Senate on August 13, which was now promulgated with its publication in this Wednesday's (26.08.202/XNUMX/XNUMX) edition of the Official Gazette.
Through Decree 699/2020, which put into effect the new tax legislation that establishes the deadline until October 31 to register for the moratorium, the first payment of which will be due on November 16.
Pension debts can be paid in 48 to 60 installments, and tax debts in 96 to 120 installments.
The interest rate on the installment payment plan will be 2% per month until January 2021, and then a variable rate will apply.
Large companies that join will not be able to distribute dividends, carry out transactions with securities to avoid exchange regulations or access the exchange market to make payments to related entities for the next 24 months, according to the law voted by Congress.
A reward is established for those who comply and, in the case of the single tax, a waiver of the tax component of six installments for categories A and B. Meanwhile, for categories C and D it will be five; in E and F, four; in G, three; and in I, J and K, two.
In no case may the benefit limit exceed $17.500, there will be a 15% discount for those who pay in cash, and those who have financial assets abroad and do not repatriate at least 30% within 60 days will not be able to access it.
The moratorium will expire due to non-payment of three installments for large companies and six for micro, small and medium-sized companies.
Community organizations were included as beneficiaries of the moratorium, and compliance with this regime will result in the suspension of ongoing tax and customs criminal actions and the interruption of the criminal statute of limitations for the perpetrators.
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