Argentina: Changes to the VAT System

According to Argentinian tax authority AFIP, a new VAT system will be introduced concerning the accreditation, return or transfer of tax credits. Only manufacturers or importers of certain goods can profit from these changes. Those are defines with an Excel file as an amendment to Article 28 Paragraph e) of the VAT law (IVA).

 

Requirements

In order to profit from the new regulations, the following requirements have to be met:

 

  • Ownership of the tax identification code CUIT (Clave Unica de Identification Tributaria ).
  • Declare and update your tax residence and e-Invoicing tax residence.
  • Keep your code for economic activities according to document 883 “Classification of economic activities (CLAE)” updated.
  • If applicable, provide affidavits for income tax, assumed minimum income, personal assets, VAT, and social security contributions for unexpired tax periods.
  • Submit transgressions or omissions to tax authorities.

 

The taxpayer can submit an application to the federal administration to accredit the VAT account balance to other payable taxes. Alternatively, the return or transfer of the tax credits can be requested, however only until a certain limit prescribed by the Secretaría de Industria del Ministerio de Producción y Trabajo.

 

Application Process

The requirements are met if the tax authority receives information regarding the limit of refundable tax credits. Then, taxpayers can submit their application for accreditation, return or transfer of VAT tax credits using the tax code “SIR – Integral System of Reclaimers” in order to create the application document F.

 

The system then creates the following documents:

  • the certified form F.8144 WEB – Regime of Capital Asset Refund as proof of the request submitted and acknowledgment of receipt of the transfer
  • the ID number of the procedure
  • any necessary corrections identified at the time of the application

 

Review Process

The Federal Administration then carries out a series of systemic controls linked to the information available in its databases and the taxpayer’s tax situation. If the total number of errors allowed under systemic controls is exceeded, the Federal Administration may automatically issue a full or incomplete resolution decision without the intervention of the Administrative Judge.

If the procedure is approved as a result of these checks, the system uses proof of approval to identify the items that need to be corrected in order for the process to continue.

If the application is rejected, a communication along with the related comments will be published in the electronic tax domicile of the taxpayer.

 

Additional Claims

If the application does not contain the appropriate elements or demonstrates inconsistencies or formal deficiencies, the intervening administrative judge shall request that the deficiencies found be corrected within a period of 5 administrative working days (subject to the availability of the file of the procedure). The processing of the application will only be considered as formally admissible if the aforementioned requirement is met.

 

These regulatory changes could affect your business with view to customizing or support of your ERP/SAP system. Please contact us to learn about possible necessary reactions to the changes – we are happy to assist you!

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