The Federal Public Revenue Administration (AFIP) simplified the procedures for companies that carry out international operations and extended the deadlines for multinational companies to submit reports and forms in which they must demonstrate the correct determination of prices in international transactions carried out with related companies.
He did it through the General Resolution 5010/2021 published this Friday (18.06.2021) in the Official Gazette, which creates the Simplified Regime of International Operations with the aim of facilitating the submission of documentation by multinational firms covered by the AFIP reporting regime.
Smaller taxpayers who meet various requirements regarding invoicing and the level of transactions with related companies may opt for this simplified regime.
Subjects entering the Simplified Regime must submit the new form F. 2672.
For the rest of the multinationals that must present information regarding their operations with related companies, AFIP extended by three months the deadline for compliance with the Transfer Pricing Study and the submission of form F. 2668.
In order to provide more time to gather certain information related to international operations in the face of difficulties arising from the coronavirus pandemic, the agency postponed the due date for filings by taxpayers who closed their fiscal year in December 2020, which began to expire on June 23, until September.
The extension will also apply to fiscal years ending on or before December 31, 2021.
Last year, AFIP strengthened its control and oversight powers in international transactions between companies in the same economic group for the purposes of determining income tax.
The legislation introduced innovative mechanisms to improve the capacity to monitor international operations.
The submission of the new form F. 2672 for taxpayers who opt for the Simplified Regime, as well as F. 2668 and the Transfer Pricing Study may be carried out, as long as they are fiscal periods closed between December 31, 2020 and December 31, 2021, on an exceptional basis and considered on time.
Expiration dates
The due date schedule for these companies, according to the CUIT number, is the ninth month after the end of the fiscal year, and will apply to 0 and 1 on the 23rd; 2 and 3 on the 24th; 4 and 5 on the 25th; 6 and 7 on the 26th; and 8 and 9 on the 27th.
Source: Telam
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