AFIP suspends tax executions and seizures against SMEs and other taxpayers until July 31

The Federal Administration of Public Revenue (AFIP) announced on Wednesday that it will suspend until July 31, 2024 including the start of tax enforcement processes and the freezing of precautionary measures.

“The standard reaches micro, small and medium-sized enterprises – Tranche I and II -, small payers, non-profit entities and healthcare payers,” the body reported.

The Minister of Economy, Luis Caputo, anticipated the publication of the provision in the Official Journal and celebrated the news on social networks, giving air to SMEs.

Tomorrow (this Thursday) the Ministerial Resolution will appear in the Official Journal which mandates AFIP to suspend until 31 July the start of tax enforcement processes and the blocking of precautionary measures for micro, small and medium-sized enterprises – Tranche 1 and 2 -, to natural persons and undivided assets considered small taxpayers, to non-profit entities and to taxpayers belonging to the healthcare sector”, stated the official on behalf of X.

The measure was adopted a few hours after the end of the judicial fair and with the existing risk for SMEs of once again having to face account seizures and tax foreclosures due to tax irregularities.

In September 2023, the former Minister of Economy Sergio Massa had ordered the suspension of the start of tax enforcement processes until 31 December 2023 inclusive for small taxpayers and micro and small businesses.

Since the judicial fair was extended to January, the measure remained in force for another month, but automatically from February 1st, with the resumption of judicial activities, SMEs will find themselves in difficulty with the treasury for not being able to keep up with tax issues.

Another relief for SMEs

During this week, AFIP had formalized the reduction in the financing rate of tax debt payment plans for micro, small and medium-sized enterprises, reversing the increase applied.

“Our intention is for AFIP to stop funding these plans in the future, but we understand that the transition to a country where SMEs can more easily access bank loans will take time,” Caputo said in a statement.

The Minister of Economy underlined that the measure “helps facilitate financing processes so that companies respect their local tax commitments and improve their business by understanding their situation and their particularities.”