Income Tax. Extraordinary advance payment for the hydrocarbon sector.

Through General Resolution AFIP 5453 (published in the Official Gazette on December 4, 2023), the Tax Authorities introduce an extraordinary advance payment of income for the hydrocarbon sector.

This measure applies to companies involved in the extraction of crude oil and natural gas, as well as those dedicated to the manufacturing of products derived from oil refining and conventional thermal power generation. The condition to be covered by this provision is to have obtained a tax result equal to or greater than 600 million pesos during the fiscal year 2022 or 2023, as applicable, without applying the deduction of losses from previous years.

The rate is 15%, and the relevant amount must be paid in three consecutive installments between December 2023 and May 2024, according to the closing of the financial statements.

If you have any questions or comments regarding the foregoing, do not hesitate to contact us by calling at (54.11) 4326.7386 or via e-mail addressed to info@berettagodoy.com. Beretta Godoy shall not be liable for any acts or omissions carried out in relation to or as a consequence of the information contained in this web page and, under no circumstances, shall it be liable for any loss or damage arising out of the use of said information. We recommend readers to seek specific advice on each particular case. The descriptions, references or links to other publications or web sites contained in this site do not imply Beretta Godoy’s endorsement or approval of said publications. The information contained in this site may be modified at any time.

/* ----------------------------------------- */ /* Content Template: LOGO Template - start */ /* ----------------------------------------- */ /* ----------------------------------------- */ /* Content Template: LOGO Template - end */ /* ----------------------------------------- */ /* ----------------------------------------- */ /* Content Template: Encabezado – Newsletter - start */ /* ----------------------------------------- */ /* ----------------------------------------- */ /* Content Template: Encabezado – Newsletter - end */ /* ----------------------------------------- */ /* ----------------------------------------- */ /* Content Template: BODY - start */ /* ----------------------------------------- */ /* ----------------------------------------- */ /* Content Template: BODY - end */ /* ----------------------------------------- */ /* ----------------------------------------- */ /* Content Template: Footer - start */ /* ----------------------------------------- */ /* ----------------------------------------- */ /* Content Template: Footer - end */ /* ----------------------------------------- */