The General Revenue Administration (AFIP) officially announced the extension of the deadline to complete adherence to the Special Personal Property Tax Regime (REIBP) through General Resolution 5588/2024 published in the Official Gazette.
The extension responds to a request from the Ministry of Economy, led by Luis Caputo, to allow more interested taxpayers to adhere. The extension of the deadline allows for the completion of adherence to the REIBP, the initial payment, submission of the sworn declaration, and payment of the outstanding balance.
According to the established timeline, taxpayers who opted to adhere to the REIBP by September 30 but were unable to complete the process will have the opportunity to do so until October 31. Similarly, those who submitted the Personal Property Tax declaration by September 30 and wish to join the REIBP can rectify it and make the advance payment by October 28, with a deadline until October 31 to pay the balance and submit the Sworn Declaration.
The REIBP allows taxpayers to be taxed in a unified manner for all tax periods until December 31, 2027. By joining the regime, taxpayers can consolidate the payment of the Personal Property Tax for several tax periods, maintaining benefits such as property tax stability until 2038, exemption from certain obligations arising from the tax, and the possibility that capital gains do not generate additional taxes, except for certain donations and gifts.
