20230425-KPMG_Global-Argentina_–_Update_on_Parameter_Regarding_2022_Informative_Tax_Return_Filings_3页_258kb

Argentina Tax Resolution on Informative Tax Filing

• Resolution: General Resolution 5349/2023 published on 19 April 2023 updates parameters for determining filing requirements for individuals regarding the Informative Income Tax and Wealth Tax Return for the 2022 tax year.
• Key Change: New threshold for filing obligation is ARS 6,600,000 in gross compensation, replacing previous levels where applicable (e.g., previously affecting incomes between ARS 3,700,000 and the old threshold).
• Applicability: Individuals earning more than the threshold must file, regardless of their income tax status or exemption.
• Deadline: The filing deadline is set for 30 June 2023.
• Automatic Update: The resolution includes an annual automatic indexation mechanism for the threshold starting from the 2023 fiscal year.
• Implications: Employees with 2022 gross incomes between ARG 3,700,000 and 6,600,000 may now need to file; companies should provide guidance to affected employees, and changes can be made before the deadline.
• Additional Note: Provides reference currency exchange rates for context.