Argentina Gazettes Resolution Establishing Payment Facility Regime for Tax Loss Corrections

The Argentine Official Gazette April 30 published General Resolution No. 5684/2025, establishing a payment facility regime to cancel individual and corporate income tax balances arising from incorrect tax loss calculations. The resolution includes measures: 1) applying the regime to taxpayers that file corrective sworn declarations with an original or corrective sworn declaration calculating the losses at historical values for a fiscal year that ended between December 2024 and November 2025; 2) specifying that the regime doesn’t involve interest reductions or a release from penalties; 3) requiring payments on account equal to 3 percent of the consolidated debt or 50,000 Argentine ...