New Financial Capacity Parameters for New Companies and SIRASE Applications on Payment of Imports of Services
Companies starting their activities or registering before the ‘Productive Matrix Unique Registry’ in the last twelve months will have to comply with new parameters. The terms for applying to SIRASE and receiving a decision have also been modified.
The Argentine Tax Authority (AFIP) and the Secretary of Industry and Productive Development issued Joint General Resolution No. 5341 on March 31, 2023, modifying AFIP’s General Resolution No. 4294/18, which had created the Financial Economic Capacity System (CEF).
Pursuant to it, there will be new parameters applicable to companies who started their activities or registered before the ‘Productive Matrix Unique Registry’ (RUMP) within the last twelve months. Further, the RUMP list of newly registered companies will now be periodically updated. These new parameters will not apply to companies continuing other company’s businesses.
On the other hand, Joint General Resolution No. 5342, issued by AFIP and the Secretary of Commerce, modifies the terms of Joint General Resolution No. 5271/2022, which had created the System for Applications for Imports of Services (SIRASE). This joint resolution modifies the validity term for requests in the SIRASE up to ninety days as of the day all the relevant information was uploaded to the system. There is now a thirty-day term in case of approval. The term for AFIP and the Secretary of Commerce to issue a decision will be sixty days as of the date the SIRASE was requested.
The former regulation required the entire process to take place within the same month the SIRASE application was filed. If it failed to do so, the process had to restart.
These new terms will enter into force for applications filed after April 1, 2023.
This insight is a brief comment on legal news in Argentina; it does not purport to be an exhaustive analysis or to provide legal advice.