Step by step, how to ask AFIP to return 35% of profits for the purchase of savings dollars

From Monday, AFIP started making 35% return Earnings advance, of what withheld for the period 2021. The reimbursement will be made in stages, for now they started with those who carried out the process in January. These are the ones who bought dollar savings and spent foreign currency shopping with a credit card.

In this case it “will benefit just over 45,000 people and involves a total of approximately $ 1,850 million”. To qualify for this reimbursement, individuals must not pay income tax or personal property tax, nor be subject to income withholding tax as an employee.

At this stage, the money from purchases or expenses made will be returned until 31 December 2021. For this reason, once all January 2021 has been returned, they will continue February, March, and so on until the entire previous year is completed.

Money held in the Earnings Account for spending in dollars by debit or credit card, or for purchasing savings dollars, is not automatically paid out. To receive this reimbursement, the beneficiaries must carry out a preventive procedure which consists six steps which is done from the website of the Revenue Agency.

In short, the same will have to be done by those who, in 2022, made consumption with a credit card in dollars or bought a savings dollar. The return in this case will be made in 2023.

The return, in these cases, will take place in 2023 and for those who used credit cards in foreign currency after July, when the perception for tourist services rose, the refund will be 45%.

Step by step, how to request a 35% refund on your Profit account

Clarin then explains how to prepare the form to request a 35% refund. It is worth clarifying that in order to charge the request for reimbursement of consumption in foreign currency by credit and debit card, and the savings purchases in dollars in 2022, we will have to wait until January 1, 2023.

“The possibility of requesting reimbursement is maintained for a period of 5 years”, explains the tax specialist Sebastián Domínguez, from Tax Advisors of the SDC. And in this sense he explains that it is convenient to do it immediately at the end of the year to avoid a greater loss of purchasing power.

Yes, you can continue to request a refund for the 2020 and 2021 periods. Perceptions of this kind began on September 16, 2020.

Before applying for a refund, you must have:

• Have a unique fiscal code (CUIT) and a fiscal code.

• Inform the AFIP of the Uniform Bank Code (CBU) of the bank account to which you wish to receive the refund.

• Count, in advance, with the cancellation of debts or the regularization of inconsistencies, in order to then receive what has been received.

• Count on Electronic tax address.

Step by step, how the 35% withholding tax is returned to the Profit account

• Enter with CUIT and tax code to the AFIP website: www.afip.gob.ar. If the 2020 refund request tool is already enabled, you can do so go directly to “Earnings refund”.
• Go to “Responsible for the relationship with tax code”.
• Search for “Return of Perceptions”. Click and complete the steps to join the service 3.
• Close the session and return with the tax code.
• In the list of services, search “Return of perceptions”
• Sign in to complete Form F.1746.
• Go to the “New” tab. and complete the period. You can only charge one month for each step.
• Once the date is set, a list of perceptions is displayed corresponding to the General Resolution 4815/2020 (35% for the purchase of dollars) of that month. There is an element for every operation. They can be: purchase of savings dollars, card expenses, purchase of travel abroad, among others.

• When you’re ready, click the button. “To introduce”.
• You have to make a presentation for each month

If perceptions are not charged, can be loaded manually.

Month by month, how many people will receive the 35% refund withheld on Profits

How many people and what total amount will be returned:

• February 2021: 54,469 people and the total returned will be $ 2,493 million.
• March 2021: 25,698 people and the total returned will be $ 1,158 million.
• April 2021: 18,903 people and the total returned will be 851 million dollars.
• May 2021: 11,041 people and the total returned will be $ 517 million.
• June 2021: 4,388 people and the total returned will be 182 million dollars.
• July 2021: 1,078 people and the total returned will be $ 22 million.
• August 2021: 6,483 people and the total returned will be $ 64 million.

YN