Advance earnings: large taxpayers must justify the request for reduction

The Federal Public Revenue Administration (AFIP) has established that taxpayers whose basic amount for the calculation of advances of income tax exceed the sum of $ 50 million Y request a reduction of these by more than 10%, they have to justify mentioned earlier presentation.

It did so through general resolution 5246, which establishes a special procedure for those large taxpayers and for those responsible who request the reduction of the IRPEF advances, informing the tax period and the amount of the new projected base, attaching the documentation supporting the aforementioned projection.

The request must be submitted at least sixty calendar days in advance. the expiry of the last advance of the tax period of the option, taking into account the opportunity from which they are authorized to exercise it. Once completed, the submission of the application will be evaluated by the agency, which may request further documentation that it deems necessary to evaluate its admission.

AFIP undertakes to resolve applications within sixty calendar days of submission. If approved, it will be registered in the “Tax Accounts” system, reducing all the advances for the year in question, and will start from the first advance due from the date of approval of the procedure.

five keys

• In December of last year, the AFIP found that 57% of companies which asked for a reduction in the advance on profits they couldn’t justify it.
• The joint difference between the amount paid and the intentional unjustified reduction it exceeded $ 16,100 million during that fiscal year.
• From 2016 to 2019, the agency’s operational areas accepted all the requests from companies that requested the tax reduction without carrying out subsequent checks.
• Among the cases verified by AFIP for the 2021 financial year, companies seriously affected in the context of the health emergency by Covid-19 were excluded.
• The request to reduce advances for 2021 was presented in 2020, the year in which the pandemic broke out in our country, and those taxpayers claimed that their billing in 2021 would have been lower than in 2020.

YN