Fiscal Package: asset declaration, moratorium and tax cuts

Law 27.743 'Palliative and Relevant Fiscal Measures'. The rule is structured in at least eight titles: (I) an exceptional moratorium/regularization of tax, customs and social-security obligations due as of 03/31/2024 (20-70% interest forgiveness and 100% of fines by stage); (II) an Asset Regularization Regime (asset declaration) with a tiered special tax 5%/10%/15% by stage (stage 1 until 09/30/2024, stage 2 by 12/31/2024, stage 3 by 03/31/2025); (III) Wealth Tax: REIBP (a Special Advance-Payment Regime, valid until 12/31/2027) and a gradual rate reduction; (IV) Real Estate Transfer Tax - ITI (art. 67): it repeals the ITI for natural persons and undivided estates; (V) Income Tax (arts. 68-84): it restores the tax on 4th-category labor income with new progressive brackets and semiannual adjustment from 2025; (VI) Simplified Regime for Small Taxpayers - monotributo (arts. 85-97): higher revenue caps and recategorization; (VII) Consumer Fiscal Transparency Regime (arts. 98-101); (VIII) Other fiscal measures (arts. 102-104). It is the tax leg that accompanied the Ley Bases. verif · Jul 8, 2024 ↗

In force from the day after its publication in the Official Gazette (07/08/2024), with each regime's entry into force subject to its regulation. The asset declaration and the moratorium were effectively executed in stages during 2024-2025. verif · Jul 8, 2024 ↗

Taxpayers with obligations due as of 03/31/2024 (moratorium); resident natural persons, undivided estates and companies that regularize assets (asset declaration); Wealth Tax taxpayers (REIBP/rate reduction); natural-person and estate real-estate sellers (end of the ITI); dependent workers and self-employed covered by 4th-category income tax; small monotributo taxpayers. It excludes public officials, certain bankrupt parties and those convicted of tax/customs crimes. verif · Jul 8, 2024 ↗