Tax News Update    Email this document    Print this document  

November 2, 2022
2022-1646

Argentine Tax Authority extends suspension of mandatory disclosure regime

  • General Resolution No. 5278/2022 suspends the mandatory disclosure regime for an additional 60 calendar days beginning 31 October 2022.

On 1 November 2022, the Argentine Tax Authority (AFIP) published in the Official Gazette General Resolution No. 5278/2022 (the Resolution) extending the suspension of the mandatory reporting regime implemented by General Resolution No. 4838/2020 (Resolution 4838) for an additional 60 calendar days.

Background

On 20 October 2020, AFIP issued Resolution 4838 establishing a mandatory reporting regime for domestic and international arrangements ("planificaciones fiscales," in Spanish) implemented since 1 January 2019 or implemented before that date if the effects of the arrangements subsist as of 20 October 2020. Under Resolution 4838, taxpayers that participate in any domestic or international tax planning arrangements or tax advisors that participate (directly or through related parties) in implementing tax planning arrangements must comply with the mandatory reporting regime.

On 1 September 2022, the Argentine Tax Authority (AFIP) published in the Official Gazette General Resolution No. 5254/2022, suspending the mandatory reporting regime implemented by Resolution 4838 for 60 calendar days beginning 1 September 2022.1

General Resolution No. 5278

The Resolution extends the suspension of the mandatory reporting regime for additional 60 calendar days beginning on 31 October 2022.

The Resolution states that AFIP has received opinions and input of the various Professional Councils of Economic Sciences of Argentina to make the regime more effective and efficient. However, it is still in the process of evaluating the comments received and working with other institutions that have not yet been involved in the process.

_________________________________________

CONTACTS

For additional information with respect to this Alert, please contact the following:

Pistrelli, Henry Martin & Asociados S.R.L., Buenos Aires

Ernst & Young LLP (United States), Latin American Business Center, New York

Ernst & Young LLP (United Kingdom), Latin American Business Center, London

Ernst & Young Tax Co., Latin American Business Center, Japan & Asia Pacific

_________________________________________

ENDNOTE

  1. For more information, see EY Global Tax Alerts, Argentina implements mandatory disclosure rules, dated 21 October 2020, Argentina's tax authorities launch the "Régimen IPF" service to ensure compliance with mandatory disclosure regime, dated 7 January 2021 and Argentine Tax Authority suspends mandatory disclosure regime, dated 6 September 2022.
 

The information contained herein is general in nature and is not intended, and should not be construed, as legal, accounting or tax advice or opinion provided by Ernst & Young LLP to the reader. The reader also is cautioned that this material may not be applicable to, or suitable for, the reader's specific circumstances or needs, and may require consideration of non-tax and other tax factors if any action is to be contemplated. The reader should contact his or her Ernst & Young LLP or other tax professional prior to taking any action based upon this information. Ernst & Young LLP assumes no obligation to inform the reader of any changes in tax laws or other factors that could affect the information contained herein.

 

Copyright © 1996 – 2024, Ernst & Young LLP

 

All rights reserved. No part of this document may be reproduced, retransmitted or otherwise redistributed in any form or by any means, electronic or mechanical, including by photocopying, facsimile transmission, recording, rekeying, or using any information storage and retrieval system, without written permission from Ernst & Young LLP.

 

EY US Tax News Update Master Agreement | EY Privacy Statement