The requirements in Argentina are challenging as a result of the e-invoicing and e-accounting requirements and the complexity of the fiscal system. On top of this come language barriers and cultural differences. With our standardised approach, we reconcile local demands with global standardisation.
The Argentinian tax system is characterised by high complexity and volatility. In addition to the national taxes, new taxes at the provincial and municipal levels have been increasingly introduced in recent years. Taxes are levied from businesses at these three administrative levels – federal, provincial and municipal. This system of ‘retenciones’ (tax retention) und ‘percepciones’ (tax recognition) obliges companies to deduct additional source taxes, the amount of which can vary for different customers and suppliers.
Electronic invoicing has been introduced much more widely in recent years, so that the government receives comprehensive information about taxpayers’ transactions. The government nevertheless still demands high levels of information.
We have standardised solutions for complying with the special requirements of and data exchange with AFIP. This includes, for example, regularly reconciling information on customers and suppliers with the data held by AFIP (the fiscal authority) in order to implement the ‘retenciones and percepciones’ system. A further requirement is the requesting of transfer authorisation codes (COT) when creating a delivery in SAP and in validating the electronic authorisation code (CAE) via the AFIP web service.
The many tax reports in Argentina are subject to frequent changes. It is also common in Argentina for national or regional authorities to issue regulations obliging companies to submit new reports. Here again, it is a particular challenge to keep up to date with the changing requirements and to reconcile data with the authorities.
As part of our request for information (RFI) process, we work with you and the local data controllers to evaluate which reports must be covered.
