Simplified earnings: ARCA clarified key questions about requirements and declaration

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.

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

  

  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

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

.

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

.

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

companies