Ismael Bermúdez
07/10/2020 - 7:00
- Clarín.com
- Economy
- Economy
The tax moratorium project that the National Executive Power sent to the National Congress allows to regulate tax, customs and Social Security debts to all taxpayers, the self-employed, the monotributistas and large companies.
While the moratorium currently in force expires on July 31 and contemplates the regularization of overdue debts as of November 30, 2019, the project foresees that taxpayers can regularize debts due as of June 30 of this year by entering the moratorium until December 31, October. In that case, the fines and other penalties for the obligations accrued as of June 30 are also forgiven, including compensatory and / or punitive interests.
The payment of the first installment is scheduled for November 16 and the interest rate is set at 2% per month until January 1, 2021, after which variable rates will be applied.
Individuals and companies, depending on the size of which they join, may regularize their debts in up to 96 or 120 installments for tax and customs obligations. And the terms will be up to 48 or 60 installments for the obligations corresponding to social security resources.
But the official initiative goes further because it incorporates the novelty of regularizing the debts corresponding to the Tax on Liquid Fuels and the Tax on the Making of Bets , known as the Gambling Tax. And in relation to the benefits in criminal matters , the novelty lies in the fact that the acceptance of the moratorium suspends the current criminal tax and customs criminal actions, including co-authors and participants in the alleged crimes.
In addition to the companies in bankruptcy, another novelty of the project is the possibility of accession for taxpayers declared bankrupt, regardless of when it occurred.
On the other hand , withholding and collection agents will be released from fines and from any other sanction that is not firm as of the effective date of the law, when they externalize and pay the amount that they would have omitted to withhold or receive, or the amount that, having been withheld or received, they had not entered, after the expiration of the term to do so.
The project establishes grounds for the expiration of the moratorium for the largest companies. Thus, for 24 months they will not be able to distribute dividends or profits to their shareholders or partners, carry out operations with securities with settlement in foreign currency or transfers abroad to avoid exchange regulations or access the exchange market to make payments to related entities.
As the law must be dealt with by the National Congress, the possibility that additional modifications to those indicated may be introduced, and even that the incorporation of the proposals by the National Executive Power be abandoned. For this reason, a large number of taxpayers consider it appropriate that Congress delegate the Executive Power the power to extend these terms if the pandemic and quarantine continue.