In an article published by El Economista, Fernanda Laiún analyzed one of the changes introduced by the Tax Innocence Law: the reduction of the statute of limitations from five to three years, along with the conditions required to benefit from this provision.

Among the main aspects addressed, she explained that the reduction applies when the tax return is filed on time, the corresponding tax liability is settled, and ARCA does not detect a significant discrepancy. She also highlighted the differences between this regime and the Simplified Income Tax Regime regarding the determination of such discrepancy.

The analysis also covers the amendments proposed under Tax Innocence II, which provide that the 15% threshold would be calculated based on the tax assessed, as well as the possibility of filing an amended tax return and settling the resulting tax liability in order to preserve the so-called “tax shield.”

An overview of the changes introduced by the new legislation and their impact on taxpayers’ tax obligations.

Read the full article published by El Economista: https://eleconomista.com.ar/economia/inocencia-fiscal-prescripcion-cuando-aplica-beneficio-reduccion-n97176