Argentina: Tax Moratorium Project28 September 2021
A bill was presented to the National Congress that forgives tax debts for non-profit entities and, in the case of MSMEs and small taxpayers, for debts of less than $ 100,000.
It also extends the moratorium on the regularization of tax, social security and customs obligations approved by Law 27,541, including obligations due from August 1, 2020 to August 31, 2021, inclusive.
Debt forgiveness for non-profit entities, MSMEs and small taxpayers
The bill provides for the cancellation of tax debts of non-profit entities, MSMEs and human persons and undivided estates considered small taxpayers. Tax, customs and social security debts due until August 31, 2021 are included.
In the case of MSMEs and small taxpayers, the debts to be forgiven must be less than $ 100,000. Debt forgiveness covers the capital owed, compensatory and / or punitive interests and / or fines and other penalties and does not include the following concepts:
- Contributions and contributions destined to the National Social Work Scheme.
- The fees allocated to the Occupational Risk Insurers (ART).
- Withholdings and tax receipts for any concept, practiced and not entered.
Extension of the moratorium
On the other hand, the project plans to extend the tax moratorium provided by law 27,541, including the tax, social security and customs obligations due from August 1, 2020 to August 31, 2021 inclusive.
The refinancing of current payment plans and debts arising from expired plans may be included in this regime, when the expiration has occurred within the dates indicated in the previous paragraph.
For further information, contact:
Dr. Andrés Willa, Managing Partner
Estudio Willa, Buenos Aires
t: +54 9 11 41872011
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