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Follow on Google News | Argentina IFRS Update: New Requirements for Information Reporting and Tax Base CalculationCompanies doing business in Argentina, which has recently adopted the International Financial Reporting Standard (IFRS), must now comply with the new requirements for information reporting and tax base calculation.
By: Nair & Co. The recently-released general resolution 3363 states that tax payers subject to the IFRS and technical regulations (FACPCE - Federación Argentina de Consejos Profesionales de Ciencias Económicas) Taxpayers must provide the new documents in the month that follows the due date for filing the tax returns. However, certain exceptions are available for small and medium enterprises (SMEs). The new regulations also contain provisions for how to calculate the tax base for income, minimum presumed income, and personal property tax. For more information on this topic email media@nair-co.com Get the latest press releases and updates on international tax, HR, Finance, compliance and other legal news at Nair & Co. Industry Alerts (http://www.nair- End
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