Saturday, June 3, 2023

AFIP: what are the new prices to announce the transfer of cars, motorcycles and real estate

The Federal Administration of Public Revenues (AFIP) has updated the minimum values ​​that taxpayers are required to declare on transfers of real estate, used cars and motorcycles.

According to General Resolution 5362/2023, published this Friday in the Official Gazette, which will enter into force on June 1, “for reasons of tax administration, it is considered appropriate to increase the amounts to recover the character of the representative objective achieved. parameters of economic operation”, justified the aggregated entity.

As provided, shall be updated annually, effective as of April 1 of each year, by a coefficient arising from the annual variation of the general level Consumer Price Index (CPI) as measured by INDEC.

AFIP will notify those responsible of the updated amounts via the institutional website, which is expected to be published in March each year.

New prices for the transfer of cars, motorcycles and real estate

  • Cars: The value of which the person transferring the car declares an arbitration or buy-sell operation on his or a third party’s account increases from $600,000 to $1,100,000. In addition, the value of the Vehicle Transfer Certificate (CETA) that owners must obtain before operating was increased from $2.4 million to $4.5 million.
  • Used Motorcycles: The value from which the transfer should be declared ranges from $240,000 to $450,000.
  • Real estate: Increased the value at which owners are required to obtain a real estate transfer offer code (COTI) before negotiating, offering, or transferring real estate or rights to real estate from $5 million to $9.4 million was done.

Nation World News Desk
Nation World News Desk
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