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Argentina Extends CbC Notification Deadline for Fiscal Years Ending in December 2017 — Orbitax Tax News & Alerts

Argentina has published General Resolution 4218 of 23 March 2018 in the Official Gazette. The resolution provides for an extension of the deadline for resident constituent entities of an MNE group to submit the notification on the ultimate parent entity, alternate reporting entity, etc. for Country-by-Country (CbC) reporting purposes to 2 May 2018 in respect of reporting fiscal years ending in December 2017. Under the standard rules ({News-2017-09-27/A/2-previous coverage}), the CbC notification is due by the last business day of the third month following the end of the reporting fiscal year, which would generally be 31 March for a calendar fiscal year.

Notifications are to be submitted via the tax administration (AFIP) website (Spanish language). Failing to provide notifications may result in penalties of ARS 80,000 to ARS 200,000.