Tax Compliance updates in Argentina. Due to the various amendments to the Income Tax Law, some of which are related to international transactions and transfer pricing, General Resolution No. 1,122 has been replaced to bring it into line with the new information in order to standardize it and thus improve its control.

The scope of the new general resolution comprehends all imports and exports under the Income Tax Law and the operations and transactions between related parties.

The renewed text stipulates the formalities, requirements and other conditions that must be analyzed by the subjects to demonstrate the correct determination of prices, amounts of transactions or profit margins resulting from transactions with related parties, independent or with subjects domiciled, incorporated or located in countries with no or low taxation.

Depending on the subject, the following reports must be submitted:

  • Information Regime (Form. 2668)
  • Master Report
  • Transfer Pricing Report

The Information Regime and the Master Report corresponding to each fiscal period must be submitted until the 6th month after its closing and the Transfer Pricing Report until the 12th month after its closing, all according to the following dates and the CUIT:

Termination of CUIT Expiration
0-1 Until day 23, inclusive
2-3 Until day 24, inclusive
4-5 Until day 25, inclusive
6-7 Until day 26, inclusive
8-9 Until day 27, inclusive

Exceptionally, the 3 reports corresponding to the fiscal periods closed between December 31, 2018 and April 30, 2020 (both inclusive) must be presented in the months of June, August and October 2020 according to the following relation:

  • From December 2018 to May 2019, in June 2020
  • From June 2019 to November 2019, in August 2020
  • From December 2019 to April 2020, in October 2020

The presentations must be made on the following dates and in relation to the CUIT:

Termination of CUIT Expiration
0-1 Until day 10, inclusive
2-3 Until day 11, inclusive
4-5 Until day 12, inclusive
6-7 Until day 13, inclusive
8-9 Until day 14, inclusive

With this update, Argentina takes a further step in the process of improving its tax compliance regulation, especially in the context in which all countries currently find themselves. At Auxadi we are experts in providing value added services in accounting, tax compliance and international payroll management. If you need more information about our services, please do not hesitate to contact us.

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Carolina Farfán Rojas

Carolina Farfán Rojas
Accounting, Compliance & Admin. Services

All information contained in this publication is up to date on 2020. This content has been prepared for general guidance on matters of interest only, and does not constitute professional advice. You should not act upon the information contained in this chart without obtaining specific professional advice. No representation or warranty (express or implied) is given as to the accuracy or completeness of the information contained in this content, and, to the extent permitted by law, AUXADI does not accept or assume any liability, responsibility or duty of care for any consequences of you or anyone else acting, or refraining to act, in reliance on the information contained in this chart or for any decision based on it.