The Government promotes a new minimum tax on business profits

2023-10-05 20:32:19

The Government presented a new minimum tax bill for capital companies. Said tax would be equivalent to 15% of the accounting profit arising from the commercial balance corresponding to the fiscal period.

In this context, the team Channel E communicated with Claudia PoseTax and Legal partner at BDO Argentina, who spoke regarding this new project of the ruling party.

New business tax

“Everything that is tax is very busy in recent days”said Pose, who then completed: “We are remembering what the Minimum Presumptive Earnings would be, although the basis is different.”

“This tax is expected to impact companies with a median size of 2 SMEs,” the expert said. ““They must pay at least 15% of the accounting profit of the last closed balance sheet.”he added.

Along the same lines, the interviewee said that this measure would impact regarding 500 companies throughout the country.. “The measure is expected to raise the equivalent of 1% of GDP to equalize fiscal accounts”he explained.

Finally, Pose said that many companies have already taxed profits and that double taxation might occur. “They do not allow compensation once morest other taxes, it has a full impact in an inflationary year and there may be losses”, he concluded.

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