The fiscal package that will be sent to Congress includes a broad moratorium which will allow the payment of tax and social security obligations due on 31 March 2024 in up to 84 installments with various benefits such as forgiveness of all fines and up to 70% interest on outstanding balances, depending on your payment method.
In addition to abolishing workers’ income tax and money laundering, the government seeks to improve collection and “balance the tax books”, as the tax burden “has led to non-compliance with tax obligations by these company, which seriously damaged tax collection.” ,” according to the text message.
In this context, the planned moratorium provides for debts for a longer period than the previous initiative rejected last February by Congress (previously it was until 30 November 2023), the deadline for joining is 150 days from the entry into force of the legislation and pending obligations for wealth tax (solidarity contribution) may be included.
The debts included in the payment facilitation plans – expired or not – and in the administrative and judicial debate will be taken into account, providing for these cases the extinction of the criminal action once the entire debt has been paid, to the extent that there is no judgment. firm on the cancellation date, according to the Edelstein, Mariscal, Torassa & Asoc firm.
The benefits will depend on the payment method and terms. In the case of payment in cash (or in three installments), participation in the first 30 calendar days will allow the forgiveness of 70% of the compensatory and punitive interest accrued; From 31 days of validity up to 60 days, 60% interest will be forgiven; and if the membership goes from 61 days of validity to 90 days, the reduction will be 50%.
In case of repayment of the debt with a payment facilitation plan, the remission will be equal to 40% of the interest if the membership takes place within 90 calendar days of its validity, and 20% after 91 calendar days. For bonds regularized starting from March 31st in payment plans, the reduction will be equal to 30% of the interest on the date of consolidation, in order to then benefit from the cash payment method.
For payment plans, individuals (unless they qualify as an SME) will make a prepayment of 20% of the debt in up to 60 monthly installments; MSME, 15% up to 84 installments; medium-sized companies, 20% up to 48 payments; and to the rest of the taxpayers 25% in a maximum of 36 installments. The financing rate will be calculated based on the commercial discount rate of Banco Nación.
Source: Clarin
