ARCA detailed requirements, amounts and conditions of the simplified regime.
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ARCA published a series of clarifications on the Simplified Income Tax Regime. The agency disseminated questions and answers to clarify access conditions, requirements and obligations
.
The official information aims to resolve frequent questions about income, wealth and compatibility with other taxes, as detailed in the published document.
The agency disseminated questions and answers to clarify access conditions
What requirements must be met to access the regime
To join the simplified regime, taxpayers must meet conditions for the three years prior to the base period
.
Income and wealth: they must respect the limits in each of the previous three years
Tax residency: required in the base period
Not to be a large taxpayer
.
In addition, the income and equity ceilings are updated annually according to the UVA (Purchasing Value Unit)
.
What is meant by assets and how is it calculated
The concept of assets includes all assets as of December 31 of each year, regardless of whether they are covered by Personal Property.
It should also include: Assets
in the country and abroad Taxed
, exempt or unencumbered assets
Corporate participations
What is meant by equity and how is it calculated Those
who can join the simplified ARCA regime confirmed that different profiles can enter the
system: Employees in a dependent relationship Retired Politically exposed
people
Taxpayers with income from Argentine or foreign sources
In all cases, it is mandatory to be registered in the tax to access the
regime. Who can join the simplified regime
What about other tax obligations
Adhering to the simplified regime does not replace
other tax obligations.
For example, if the taxpayer is covered by Personal Property, they must continue to file that return independently.
How income and income are reported
For the calculation of total income, only own funds are considered. In the case of intermediaries, amounts from third parties are not included, but only commissions
. How do you declare income and income
In addition, exempt income must also be declared, in accordance with current regulations
.
Payment, plans and conditions for maintaining benefits
The balance of the declaration can be paid through a payment facility plan. However, if the plan expires, the benefit of the scheme is lost
. Payment, plans and conditions for maintaining benefits
It is also allowed to join the system, review the pre-loaded data and then opt for the general regime, which implies automatically giving up
the simplified option.
Other key points clarified by ARCA
:
Pre-filled data can be adjusted without limits before confirming
.
It is not mandatory to bank assets that have already been declared
.
You can join even if there are debts settled before maturity. The option is individual, even in
