AR 鈥� Update on 2023 Informative Tax Return Filings

On 21 May 2024, Argentina鈥檚 tax authorities published the new minimum amount in respect of the Informative Income and Wealth Tax Return (Declaraci贸n Jurada informativa sobre Ganancias y Bienes Personales) for the 2023 tax year. This announcement was published by Argentina鈥檚 tax authorities (La Administraci贸n Federal de Ingresos P煤blicos聽(AFIP)) on their webpage 鈥�ABC Consultas Frecuentes鈥� under the question ID 12766887.^1听(For prior coverage, 蝉别别听GMS Flash Alert聽2023-087, 25 April 2023).

The norm establishes the obligation to file an informative tax return for individuals who receive a certain gross amount of compensation in the fiscal year (whether they are subject to tax or exempt from income tax). The update sets the new amount at ARS 15,917,863.58.²

Why this matters

his update may change the filling requirements for those employees in Argentina whose annual gross income during 2023 was higher than ARS 15,917,863.58. Such individuals, therefore, will have to file a 2023 Informative Income and Wealth Tax Return.

More Details

The obligation to file an Informative Income and Wealth Tax Return applies for individuals whose only source of income is employment income subject to withholding at source and whose annual gross income exceeds the minimum set by AFIP.

The due date established for this type of filing is 30 June 2024.

乐鱼（Leyu）体育官网 Insights

Companies with globally-mobile employees who are paid via an Argentine payroll should consult with their usual tax service professional, or a member of the GMS tax team with 乐鱼（Leyu）体育官网 in Argentina (蝉别别听the Contacts section), about the population that would be required to file the informative tax returns in light of the new parameter concerning income, because this modifies the information that was initially required for the previous year.

Contacts

Rodolfo Canese Mendez

Partner, International Corporate Tax & GMS

乐鱼（Leyu）体育官网 Argentina

mail
call

Cecilia Nunez

Partner

乐鱼（Leyu）体育官网 Argentina

mail
call

Additional Resources

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Footnotes

¹聽See (in Spanish) 鈥淎BC Consultas Frecuentes 鈥� ID 12766887鈥� published on AFIP鈥檚聽.

²聽See (in Spanish) "Declaraci贸n Jurada Informativa" on AFIP鈥檚聽.

*聽聽聽聽 *聽聽聽聽 *聽聽聽聽 *

ARS 1 = EUR 0.00103

ARS 1 = USD 0.00112

ARS 1 = GBP 0.00087

ARS 1 = BRL 0.00577

Source: www.xe.com

Disclaimer

The information contained in this newsletter was submitted by the 乐鱼（Leyu）体育官网 International member firm in Argentina.

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Argentina 鈥� Update on Parameter Regarding 2023 Informative Tax Return Filings