Argentina is giving individuals more time to pay their 2019 taxes while multinationals are getting more time to submit documentation on their intercompany transactions as the pandemic persists.
Under a resolution (4758/2020) published Monday, individuals have until Aug. 31 to declare and pay their taxes on assets and income for 2019—two months later than previously required. Individuals can choose to pay the taxes in three installments, with a 25% payment upfront.
- A second resolution (4759/2020) extends the deadlines by which companies must present a new affidavit containing transfer pricing information as well as a transfer pricing study. Information covering transactions between December 2018 to November 2019 is now due in August, while information covering transactions between December 2019 to April 2020 is due in October. The specific day is determined based on a company’s unique taxpayer identification code, with the final due date on the seventh day of each month.
- A master file, detailing a multinational’s global operations and financial activities such as intangible assets held or manufacturing location, is due by Aug. 14.
- The master file must be submitted by multinationals with related party transactions, in no- or low-tax jurisdictions, worth more than ARS 3 million ($42,000) or by related parties of a multinational business group with annual revenue of more than ARS 2 billion.