The Afip adds payment facilities for companies affected by the pandemic

The Federal Public Revenue Administration (Afip) reported this Wednesday that it has extended the deadlines for companies to file and pay the sworn statements of Income Tax and Value Added Tax.

It is one of the measures it took through general resolution 4,714 published in the Official Gazette.

Another is the expansion of permanent payment facility plans, in order to “cushion the economic impact of preventive and compulsory social isolation” and “offer financial relief for micro, small, medium and large companies affected by the coronavirus pandemic. “The agency indicated.

Maturities

To make it easier for taxpayers to comply with their tax obligations, the Afip extended the deadline for the presentation of the sworn declarations and payment of the balance resulting from Income Tax for two weeks for legal entities that closed their fiscal years in December.

Specifically, the expiration that was scheduled for May 13, 14 and 15 is transferred to May 26 and 27.

Meanwhile, the presentation of the affidavit and the payment of VAT for the fiscal period April 2020 was concentrated on May 20, 21 and 22.

Likewise, the agency extended the presentation of the financial statements of the companies that closed their financial years in November 2019 for one month: the due date for May 29 was moved to June 30.

More plans

On the other hand, Afip decided to double the number of permanent payment facility plans available to alleviate the financial drowning situation of medium and large companies.

Until now, there were three plans available, and there were six. These plans allow financing social security obligations, VAT and internal taxes.

In parallel, the Afip enabled all companies the possibility of regularizing the Income Tax obligations in three installments.

Another important point is that, until the end of June, the agency will not consider the category of the Risk Profile System (Siper) of each company when requesting a plan.

“With that exceptional decision, the Afip guarantees that all the firms that request it can regularize their obligations for Income Tax in up to three payments without being conditioned by their risk profile,” the agency indicated.

SMEs

Finally, the Afip also made a specific decision for small and medium-sized companies: they may include deferred VAT in their permanent payment facility plans.

The current regulations allow an SME to defer the VAT payment for 60 days and, until now, the non-compliance of the payment in that term implied the automatic fall of any plan that was in force.

“Companies that fail to meet the deferred VAT payment may enter that debt in a new plan. SMEs have the possibility of entering up to 10 permanent facility plans, “completed the Afip.