The AFIP will require that companies substantiate requests for the reduction of advance payments of Earnings

Resolution 5246 published today by the AFIP promises to put the magnifying glass on the requests of companies that aspire to reduce advance payments of Earnings.

The Federal Administration of Public Revenues (AFIP) ordered that Those taxpayers whose base amount for the calculation of income tax advances exceeds the sum of $50 million and request a reduction of these greater than 10%, must previously justify said presentation. Reaches about 5,000 companies, they said in the organism. The limits on reduction requests come at a time when an extraordinary tax advance is being prepared, aimed at improving the fiscal situation.

He did it through General Resolution 5246published today in the Official Gazette, which establishes a special procedure for those large and responsible taxpayers who request a reduction in income tax advances, informing the fiscal period and the amount of the new projected base, attaching the documentation that supports that projection.

The request must be made at least 60 calendar days in advance of the expiration of the last advance of the fiscal period of the option, taking into account the opportunity from which they are enabled to exercise it. Once done, the presentation of the application will be evaluated by the body, which may require the additional documentation it deems necessary to consider admission.

“In December of last year, the AFIP detected that 57% of the companies that requested a reduction in the Earnings advance could not justify it”

The AFIP commits to the resolution of the applications within 60 calendar days from the presentation. If approved, it will be registered in the “Tax Accounts” system, reducing all the advances for the fiscal period in question, and will take effect from the first advance due from the date of approval. of the procedure.

Sources of the organism driven by Charles Castagneto They explained that in December of last year, the AFIP detected that 57% of the companies that requested a reduction in the Earnings advance “could not justify it.”

“️The joint difference between what corresponded and the intended unjustified reduction exceeded, during that exercise, the $16.1 billion”, they said.

Carlos Castagneto, head of the AFIP.
Carlos Castagneto, head of the AFIP.

In addition, they added, that from 2016 to 2019, the agency’s operational areas accepted all the requests from the firms that requested the tax reduction without carrying out subsequent audits.

In 2020 the inspections were activatedalthough among the cases audited by the AFIP for the 2021 financial year, firms critically affected in the framework of the health emergency by Covid-19 were excluded.

“️It should be remembered that the request for reduction of the advance payment for 2021 was submitted in 2020, the year in which the pandemic broke into our country, and that these taxpayers argued that their billing in 2021 would be less than in 2020″, they said.

Today’s resolution of the AFIP was published at a time when the definition of one of the key initiatives of the Minister of Economy is expected, Serge Massato try to reduce the difference between income and expenditure of the public sector.

As a way to reduce the deficit for this year, the Government is preparing an advance payment for the Income Tax for 2023, which seeks to raise some $200,000 million from some 1,900 companies and with whom he hopes to finance the bonus for retirees that will be announced today.

With this double maneuver, the Ministry of Economy seeks to advance in a measure of recomposition of income for retirees without implying an impact on fiscal accounts. In fact, in the Palacio de Hacienda they know that the margin to increase spending is minimal: just by maintaining the pace it had so far this year, the fiscal deficit would end up 0.7% of GDP above what was agreed with the IMF.


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