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New General Resolutions Announced
Taxand Argentina explains what each of these General Resolutions will involve.
General Resolution No. 3416
This establishes an Electronic Audit procedure broadening the online interaction between the Argentine tax authorities and taxpayers. The Electronic Audit consists of a control procedure of the taxpayers' fiscal obligations. The procedure is initiated with a notification to the taxpayer, who will then have ten days to answer. In the event it is not possible to reach the taxpayer, General Resolution No. 3416 allows the tax authorities to suspend the taxpayers' Tax Identification Number.
General Resolution No. 3417
This creates an information regime regarding outbound payments made by Argentine residents. These transactions require the submitting of an Anticipated Affidavit of Outbound Payments through the Argentine tax authorities' website.
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These General Resolutions have different start dates and will cover separate periods of times, therefore multinationals should research when they apply. It is important to note that failure to comply with these General Resolutions may imply the application of fines, the taxpayer's qualification under an aggravated category of the Risk Profile System and exclusion from the Special Tax Registries.