Answer ... For income tax, the sworn statement must be submitted during the fifth month as from the end of the company’s fiscal year. The exact date depends on the termination of the tax number of the company. For example, if the fiscal year ends on 31 December, the deadline for submission will be May the following year.

Answer ... National and provincial laws provide for the imposition of fines in case of failure to file tax returns, which are called ‘formal fines’. Although these fines are not as high as the penalties for omission or tax fraud (called ‘material fines’), they are likewise transferable in solidarity to the directors or managers of the company.

Failure to file a tax return also allows the Argentine Tax Department (AFIP) to determine the tax pursuant to a presumed procedure with prior notice to the taxpayer. This procedure, called ‘provisional tax payment’, could include an amount equivalent to x times the amount of the tax declared or determined with respect to any of the relevant fiscal periods.

Answer ... AFIP’s General Resolution 4130-E establishes a regime that requires the annual presentation of a country-by-country report by local corporations that are members of multinational enterprise groups whose total income is equal to or above €750 million (or the equivalent value in local currency).