Wednesday, May 31, 2023

AFIP changes to declare cars, motorcycles and properties

The Federal Administration of Public Revenue (AFIP) revised the minimum values ​​that taxpayers are required to declare on transfers of real estate and used cars and motorcycles through General Resolution 5362/2023, published in the Official Gazette.

For used cars, the value to which people habitually carrying them out must declare to the AFIP an arbitration or trading operation on their own or third party’s account was increased from $600,000 to $1,100,000.

For used motorcycles, the value at which the transfer must be declared increased from $240,000 to $450,000.

On the other hand, the value by which owners are obligated to obtain a real estate transfer offer code (COTI) prior to negotiation, offer or transfer of real estate or rights to real estate has been raised from $5 million to $9.4 million. was given. Make

Likewise, the value of the Certificate of Automotive Transfer (CETA) that owners must obtain before the act can be met was increased from $2.4 million to $4.5 million.

AFIP also determined that all of these values ​​would be updated annually, effective April 1, by coefficients arising from the annual variation of the general level Consumer Price Index (CPI) provided by the Statistics Institute. Census (Indec).

Nation World News Desk
Nation World News Deskhttps://nationworldnews.com/
Nation World News is the fastest emerging news website covering all the latest news, world’s top stories, science news entertainment sports cricket’s latest discoveries, new technology gadgets, politics news, and more.
Latest news
Related news

LEAVE A REPLY

Please enter your comment!
Please enter your name here