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AFIP formalizes the suspension of embargoes and tax executions for SMEs

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The Federal Public Revenue Administration (AFIP) officially suspended the initiation of tax enforcement proceedings and the blocking of precautionary measures against micro and small businesses, until next May 31inclusive

This is established by the General Resolution 4953/2021, whose text explains that these measures are implemented within the framework of the health emergency caused by the coronavirus pandemic, with the firm objective of "mitigating the negative and unwanted impact on various sectors of the economy."

Furthermore, the text indicates that it seeks to "generate the necessary conditions for Achieve the recovery of productive activity and preserve sources of employment«.

The benefits reach "subjects who have the condition of Micro or Small Businesses registered in the 'Registry of MSME Companies' or that 'develop as their declared main activity according to the 'Economic Activities Classifier', one of the critically affected economic activities'.

In this regard, the suspension of the embargo on funds and/or securities of any nature, deposited in financial institutions or on accounts receivable, as well as the judicial intervention of cash, is extended until May 31, 2021.

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