The Federal Administration of Public Revenues (AFIP) has updated the minimum amounts that must be reported for brokerage or buying and selling operations of used motorcycles and cars, and for negotiations, offers or transfers of real estate.
In this way, the institution led by Carlos Castagneto optimizes the information received from taxpayers registered in the Mandatory Information System for these activities. Further, it has been established that henceforth the adjustment will be done once a year based on the annual change in the Consumer Price Index (CPI) published by the National Institute of Statistics and Census (INDEC).
Through General Resolution 5362/2023, AFIP introduced amendments to the regulations governing subjects who habitually mediate or sell motorcycles or used cars on their own account or by third parties, and owners of real estate and On the co-owners who negotiate, offer or transfer properties or rights over the goods to be manufactured.
At the same time, it was pointed out that “it provides for an increase in the minimum value from which it is mandatory to process Certificate of Automotive Transfer (CETA).”
The new prices are effective from June 1.
Operations for the sale of used automobiles and motorcycles over 1.1 million pesos in the case of cars and 450,000 pesos in the case of motorcycles must be reported to the agency. Currently, the mandatory minimum amounts according to the Activity Information Regime stand at 600,000 pesos and 240,000 pesos respectively. For its part, for real estate, the value was updated from 5 million pesos to 9.4 million pesos, it was specified.
On the other hand, the obligation to obtain a CETA increases from 2,400,000 pesos to 4,500,000 pesos.
In this sense, “the new norm applies an adjustment to these amounts once a year according to the inter-annual variation of the INDEC CPI in the October period in accordance with Law 27,667 on the non-taxable minimum of personal property Establishes update mechanism for Tax.
Tax expert Sebastián Domínguez indicated that “these are low amounts and data that the AFIP already receives elsewhere should often be reported, for example through information systems such as property registration, so it does not make sense”. ” administrative burden that is imposed on the taxpayer because the Treasury will still receive it from the other side”.
Card control
On the other hand, the AFIP has already this month updated the minimum amount that banks and virtual wallets must report on activities in bank accounts and taxpayer cards across the country. The last update was done in 2022.
The tax authority’s regulation, which was published ten days earlier in the Official Gazette, raised from $30,000 to $120,000, the minimum amount that financial institutions must report debit card consumption. Similarly, General Resolution 5138/2022 raised the minimum figure for reporting monthly credits, monthly withdrawals, account balances and fixed deposits from $90,000 to $200,000.
This means that every purchase made by a debit card user – ie, without funding, as is the case with a credit card – over $120,000 must be reported to the AFIP by the bank or fintech that issued the card. was issued.
