2024-08-12 12:07:23
Federal Administration of Public Revenue (AFIP) has launched a new measure to simplify the rental process for urban and rural properties in Argentina. Registration is no longer compulsory from now on contract of rentexcept for those property owners who wish to obtain certain tax benefits.
This provision of AFIP is part of General Resolution No. 5545/2024, which was recently published in official gazettewhich is the result of Decree No. 70/2023, which repealed Tenancy Law No. 27,551. Under the new regulations, property owners no longer need to register the contract with the Real Estate Lease Contract Registration System (RELI) for the contract to be valid.
Those seeking to take advantage of tax benefits must follow this procedure. Specifically, those interested in the Simplified System (RS) for small taxpayers or tax on credits, debits, personal assets and profits to bank accounts must register their registration before September 30, 2024 or within 15 days of signing the contract. Lease Agreement.
The registration will be conducted through the AFIP official website to provide convenience to taxpayers. The measure also states that those who have already registered a contract do not need to register again unless the contract is modified or updated. In this way, we seek to avoid redundant procedures and simplify compliance with tax obligations.
AFIP eliminates bureaucracy in rent and other rural procedures
In addition to this modification to the Contract Registry, AFIP also removes the obligation for dependent employees to attach a copy of their lease contract to the SiRADIG service to obtain income tax relief. Previously, this requirement was necessary to obtain deductions of 40% and 10% of the rental amount, according to current regulations.
This decision complements a series of recent repeals of AFIP, all of which are aimed at reducing the administrative burden on taxpayers. Measures taken include the cancellation of the Certificate of Transfer of Cars (CETA) and Eliminate various obligations on agricultural producers, such as submitting five annual sworn statements about crops.
Likewise, the System of Imports of the Republic of Argentina (SIRA) and the Financial Economic Capacity Assessment (CEF) for authorized imports were also abolished with the aim of promoting foreign trade. These reforms embody a more streamlined and convenient approach to managing tax procedures, aiming to reduce bureaucracy and create a more dynamic environment for the country’s economy.
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