May and June are the months with the most important tax maturities of the year. And 2020, in particular, finds companies and individuals facing an abrupt drop in income due to quarantine, which makes compliance more difficult.
These days, most companies face the annual payment of the 2019 Income Tax. Something similar will happen in mid-June with the same tax for individuals, to whom the expiration of Personal Assets will be added with an aliquot. aggravated.
In the case of companies, there are peculiarities that complicate them, since it is the first time in 28 years that the adjustment for tax inflation will be applied for the closings of December.
Therefore, it is not just a problem of lack of money, but administrative management is much more complex amid the restrictions on accessing information that companies and professionals have in their offices.
In any case, the main drawback continues to be financial. “Companies continue to prioritize the payment of wages and basic services or supplies. Paying taxes is the last thing they think about right now, ”an accountant pointed out days ago. It is a well-heard phrase, in these days of isolation, among entrepreneurs of all sizes and industries.
The request for an extension of maturities was immediate, but professionals recall that in previous years, filings of affidavits were extended, but not payments.
From the State, it is a difficult decision to make. In April, total collection rose 11.6 percent year-on-year in nominal value (with a real drop, as inflation exceeded 45 percent). Earnings performance was worse, almost unchanged in nominal values.
May data will have a much larger impact on business payments, and several factors will be combined in the results.
On the one hand, the well-known financial difficulties in the pandemic; on the other, the impact of the adjustment for inflation: in 2019 there was a recession, and it is expected that the adjusted values will yield more losses than gains.
However, the December emergency law forced the inflationary impact to be deferred in six years when calculating the tax. And this makes companies continue, as they did years ago, to tax on fictitious profits.
In between, the moratorium for SMEs is going unnoticed, which has already been extended once but whose first stage expires on May 29. It is a very favorable measure for debtors, but nobody is thinking about this today, when they do not know if they will continue working.
All in all, the professionals who live the day-to-day life of taxpayers worried about the urgent (the payment of salaries, per case) hope that there will be an adaptation of that payment plan and a contemplation of the obligations that are accumulating in these months. of almost total inactivity.
The original text of this article was published on 12/05/2020 in our printed edition.
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