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Given the jump in AFIP interests, they speed up their treatment

The Government plans to send during the period of regular sessions of Congress the tax package of the omnibus law, which the executive withdrew after having been generally approved by the Chamber of Deputies. Of the entire group of laws, what is most urgent for accountants and tax advisors now is the moratorium.

It is estimated that for that particular law there would be consensus with the opposition to approve it as soon as possible. It should be before July.

One of the biggest problems that small and medium-sized companies are accumulating these days has to do with the increase of the compensatory interests of the current payment plans of the AFIPwhich are multiplying the amounts of the installments.

In February the rate rose to 15.27%which meant that interest rates rose in some cases 258% compared to the amount you would have paid with the previous rate.

“As of February 2024, unpaid installments upon first maturity generate compensatory interest of 15.27%, that is,0.509% daily, almost three times more than before January 31, 2024”points out Sebastián Domínguez, CEO of SDC Tax Advisors.

This rate applies to all taxpayers: small taxpayers, micro, small and medium-sized businesses, non-profit entities and other taxpayers.

The tax expert stated that “the Bases Law project, which returned to committees, contains a broad moratorium with remission of interest and penalties, extinction of criminal action, allowed the reformulation of payment plans current as well as include expired facility plans, among other measures, which would significantly benefit taxpayers with economic and/or financial problems.”

It is important that Congress advances in the sanction of a moratorium to help those taxpayers who face economic and financial difficulties, especially MSMEs,” said the tax expert.

An example that Domínguez gave is that of a payment plan installment that expires on February 16 that is not paid because there are no funds in the account and then it is debited on February 26. Of 100,000 in installments, for 10 days of delay the company should pay $5,090. Before the increase in compensation, I would have paid $1,970 so the increase was 258%.

It must be clarified that these are unpaid installments of payment plans. That is, a delay outside of what was agreed with the AFIP because heThe interest on the installments that are in order now are equivalent to 50% and 60% of the ratedepending on the type of debtor and the type of debt that is included.

From On February 1, the AFIP extended the period of suspension of executions and seizures of accounts until July 31. It is assumed that by that time the moratorium must be in force to allow for the inclusion of new debts that are generated at this time.

In fact, payment plans are an imperfect solution to the debts that companies have accumulated since last year, as a result of the drop in activity and sales.

What will the new moratorium be like?

The new moratorium includes a very extensive tax debt forgiveness planwithout distinction of taxpayer size and for all debts.

The benefits would depend on the time of entry and the deadlines chosen to pay off the debt.

Those who enter in the first 60 days would have 50% remission of compensatory and punitive interestsif they pay everything in cash. If they entered in the first two months and chose a payment plan, the forgiveness would be 30%and if they are incorporated between on day 61 and 120, the benefit would be reduced to 10%. In all three cases, 100% of the AFIP fines will be forgiven.

The doubts of money laundering

Along with the debt forgiveness plan The Executive Branch plans to send a money laundering bill fundamentally intended for people with undeclared dollars to deposit them in banks at zero cost. If they were goods or funds from abroad, they would pay a special tax of 5%.

But From the dialogue opposition it is stated that although they agree with the idea in general, they reject the proposal that laundering can be done without paying a special tax.

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