Attention: AFIP already "saucepan" 1,300 taxpayers for not paying the Personal Property Tax

Castagneto’s body calculated 700 million pesos in omitted taxes. Cryptocurrencies, mutual funds and trusts among the keys

For iProfessional

01/20/2023 – 7:01 p.m.

The Federal Administration of Public Revenues (AFIP) identified 1,295 taxpayers with high purchasing power who incorrectly declared financial assets valued at 55,000 million pesos.

The body led by Carlos Castagneto estimated that the omission in the Personal Assets tax amounts to 700 million pesos, a figure that could even triple when applying the fines and interest corridos corresponding to the evasion maneuver.

AFIP analyzes tax evasion in cryptocurrencies and mutual funds

Through the available tools, the AFIP through the General Tax Directorate (DGI) focuses its inspection and control tasks on the financial and exchange sector. On this occasion, the specialized areas focused their analysis and monitoring on tax treatment of digital currencies, shares of mutual funds, negotiable obligations, securities and trustsamong other instruments that must be included in the Sworn Declarations of the Personal Assets Tax.

In that framework, actions were carried out on a universe of 1,295 taxpayers with high net worth. The AFIP verified that as a whole, these human persons incorrectly declared financial assets whose total value amounts to 55 billion pesos.

As a result of the investigation carried out by the agency, 700 million pesos in omitted taxes were calculated. However, when taking into account the fines and interest that the AFIP will apply provided for in current regulations, that amount that will be claimed by the agency It can be enlarged to more than 2,000 million pesos.

AFIP disables taxpayers: these are the reasons

In a recent press release, the Federal Administration of Public Revenues (AFIP) reported that after an audit campaign sand disqualified 6,173 taxpayers. They are companies and individuals that were “removed” from the tax agency’s website after it verified that despite having verified that they carried out economic activities backed by sworn declarations of value added tax, they did not present the corresponding annual tax settlements. to earnings, for the years from 2018 to 2020.

Decree 1299 of the year 1998, provides that a taxpayer you can lose the status of “registered”, without the AFIP notifying you, when the affidavits have been omitted for 3 consecutive years, in the case of annual presentations, or 36 consecutive periods when they are monthly.

AFIP concentrated its January operations in locations with the highest concentration of tourism.

In 2014, the Court ruled in favor of a taxpayer, before the presentation of an appeal presented by the AFIP against the ruling that declared resolution 3358 unconstitutional, of that organism. It was in relation to ordering the cancellation of the CUIT number of commercial companies that do not register registrations in taxes and/or regimes, or that have not submitted the determinative affidavits before a certain date.

The Chamber of Appeals in Administrative Litigation declared the unconstitutionality of the AFIP resolution that provided for the cancellation of the CUIT of companies that have not registered in any tax or regime or that do not submit their sworn statements. The argument of the Chamber was that “a measure of this type means the disappearance of the tax identity of the taxpayer or person responsible that prevents him from carrying out his work within the framework of legality.”