The Argentine Tax Authority (AFIP) published a general resolution on July 8, 2020 that extends the deadlines for transfer pricing reports for previous years. By extending the deadline, the tax authorities are trying to meet taxpayers during the coronavirus pandemic.
Which transfer price reports are affected by the extension?
The new deadlines apply to transfer pricing reports for the tax periods between December 31, 2018 and April 30, 2020.
These are the new deadlines:
- From December 2018 to November 2019: must be submitted in August 2020
- From December 2019 to April 2020: must be submitted in October 2020
The exact day of classification is based on the last digits of the tax identification number (Clave Única de Identificación Tributaria (CUIT).
The general resolution of July 2020 also stipulates that the deadline for submitting master files for past fiscal years (December 2018 through August 2019 inclusive) is due in August 2020. The exact date for submission The master file is also based on the last digits of the CUIT.
For years after these special periods, the due date of the transfer pricing report is the sixth month after the end of the financial year, while the master file must be submitted in the twelfth month after the end of the financial year.
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!