This month on the tax agenda due to the expiration of the sworn declaration of profits of human persons and the VAT schedule, which run simultaneously under a regime of automatic fines. The Tax Innocence Act amended article 38 of Law 11,683 and increased the amounts of penalties for not submitting in term, to the point that a taxpayer who fails to comply with all obligations of the month can accumulate fines for up to $2,500,000. The mechanism t…
This story is only covered by news sources that have yet to be evaluated by the independent media monitoring agencies we use to assess the quality and reliability of news outlets on our platform. Learn more here.
This month on the tax agenda due to the expiration of the sworn declaration of profits of human persons and the VAT schedule, which run simultaneously under a regime of automatic fines. The Tax Innocence Act amended article 38 of Law 11,683 and increased the amounts of penalties for not submitting in term, to the point that a taxpayer who fails to comply with all obligations of the month can accumulate fines for up to $2,500,000. The mechanism t…