Guidance issued by the tax authority provides the following tax relief in response to the coronavirus (COVID-19) pandemic.
Resolución AFIP 4693 (8 April 2020) extends the deadlines for employee and employer social security contributions related to March 2020 salaries. The original deadlines of 13 April or 15 April are extended to 16 April or 20 April (depending of the tax identification number). This extension of time is intended to allow employers to apply to the benefits of Decreto 332 that established the emergency assistance program for jobs and production and to provide the required data electronically to AFIP. Read TaxNewsFlash
Employers that are engaged in certain business activities (in general, employers that are not considered to be “essential” and therefore have been affected by the quarantine) and that register and provide information required by this resolution will automatically have their March 2020 employer contributions postponed to mid-June 2020. Other benefits for eligible employers will depend on certain findings (such as a reduction in sales after 20 March 2020).
Resolución AFIP 4694 (8 April 2020) reflects that certain procedures and systems must be redesigned for those taxpayers claiming benefits provided by Decreto 300—i.e., tax relief measures for companies that are employers and that provide healthcare-related services and that are eligible for a 95% reduction of employer contributions to the social security system and a 59% reduction of the bank credit tax and a 17% reduction of the bank debit tax. Read TaxNewsFlash
For more information, contact a KPMG tax professional in Argentina:
Hernán Caire | +54(11) 4316 5737 | firstname.lastname@example.org
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