The Federal Administration of Public Revenues (AFIP) reported this Wednesday that it suspends until July 31, 2024, inclusive, the initiation of tax execution trials and the blocking of precautionary measures.
"The standard reaches micro, small and medium-sized companies - Tranche I and II -, small taxpayers, non-profit entities and taxpayers in the health sector," the entity reported.
The Minister of Economy, Luis Caputo, anticipated the publication of the measure in the Official Gazette and celebrated the novelty on social networks, giving air to SMEs.
“Tomorrow (this Thursday) the Ministerial Resolution will appear in the Official Gazette that instructs the AFIP to suspend until July 31 the beginning of tax execution trials and the blocking of precautionary measures for micro, small and medium-sized companies - Tranche 1 and 2-, to individuals and undivided estates that are considered small taxpayers, to non-profit entities and to taxpayers belonging to the health sector,” said the official on his behalf of X.
The measure was taken a few hours after the judicial fair ended and with the existing risk for SMEs of once again facing account seizures and tax foreclosures due to tax irregularities.
Tomorrow the Ministerial Resolution that instructs the AFIP to suspend until July 31 the beginning of tax execution trials and the blocking of precautionary measures for micro, small and medium-sized companies - Tranche 1 and 2 - will appear in the Official Gazette, to human beings and…
— totocaputo (@LuisCaputoAR) January 31, 2024
In September 2023, former Minister of Economy Sergio Massa had ordered the suspension of the start of tax execution trials until December 31, 2023, inclusive, for small taxpayers and micro and small businesses.
As the judicial fair was extended in January, the measure remained in force for another month, but automatically on February 1, with the restart of judicial tasks, SMEs were going to suffer difficulties with the treasury for not being able to keep up with tax issues.
Another relief for SMEs
During this week, the AFIP had formalized the reduction in the financing rate of tax debt payment plans for micro, small and medium-sized companies, reversing the increase applied.
"Our intention is that in the future the AFIP will stop financing these plans, but we understand that the transition to a country where SMEs can more easily access bank loans will take some time," Caputo said in a statement.
The Minister of Economy stressed that the measure "contributes to facilitating financing processes so that companies comply with their local tax commitments and enhance activity by understanding their situation and their particularities."
D.S.