Moratorium for 600,000 SMEs that have a $427.9 bn debt with Bs.As. province

Nearly 600 thousand SMEs that maintain debts with the Treasury of the province of Buenos Aires for about AR$26billion ($427.9billion), will be able to apply from March 2 to a moratorium which includes "total interest, fines and punitive removals" plus capital payment in instalments up to 10 years.

Tax collection increased 45% in January, reaching $8.7bn

Tax collection in January 2020 was AR$527 billion, up 44.9% compared to the same month last year, Argentina's Federal Public Revenue Administration (AFIP) reported. Revenue from export duties was AR$24 billion, this is an increase of 54% compared to the same period of 2019. Customs VAT, linked to exports, increased 87.1%.

Tax agency publishes moratorium rules for SMEs and self-employed

Argentine tax withholding agency (AFIP) published in the Official Gazette, the regulation of the moratorium for SMEs and self-employed established in the so-called Law of Solidarity and Economic Reactivation approved in December. The moratorium will have an average of 42% on accumulated debts until the end of last year and a payment term of up to 10 years with incentives for those who enter as soon as possible.