{"id":7699,"date":"2023-12-04T20:29:24","date_gmt":"2023-12-04T20:29:24","guid":{"rendered":"https:\/\/taxupdate.com.br\/?p=7699"},"modified":"2024-10-23T11:36:10","modified_gmt":"2024-10-23T11:36:10","slug":"argentina-extraordinary-payment-on-account-of-income-tax-hydrocarbon-sector","status":"publish","type":"post","link":"https:\/\/taxupdate.com.br\/en\/argentina-extraordinary-payment-on-account-of-income-tax-hydrocarbon-sector\/","title":{"rendered":"ARGENTINA: EXTRAORDINARY PAYMENT ON ACCOUNT OF INCOME TAX \u2013 HYDROCARBON SECTOR\u00a0"},"content":{"rendered":"\n<p>An Extraordinary Payment on Account of Income Tax for the Hydrocarbon Sector was published today in the Official Gazette of Argentina through General Resolution No. 5453\/2023.&nbsp;<\/p>\n\n\n\n<p>Entities carrying out any of the activities below shall be subject to the payment on account obligations provided that in the FY 2022 or FY 2023 Income Tax return, as applicable, they reported a tax result equal or greater than AR$ 600,000,000 \u2013 without prior tax losses deductions:&nbsp;<\/p>\n\n\n\n<ol class=\"wp-block-list\" start=\"1\">\n<li>Raw Petroleum Extraction&nbsp;<\/li>\n<\/ol>\n\n\n\n<ol class=\"wp-block-list\" start=\"2\">\n<li>Natural Gas Extraction&nbsp;<\/li>\n<\/ol>\n\n\n\n<ol class=\"wp-block-list\" start=\"3\">\n<li>Petroleum Refining Products Elaboration&nbsp;<\/li>\n<\/ol>\n\n\n\n<ol class=\"wp-block-list\" start=\"4\">\n<li>Conventional Thermal Energy Generation&nbsp;<\/li>\n<\/ol>\n\n\n\n<p>This extraordinary payment on account shall be computed in the subsequent tax period following the one considered as a calculation basis (i.e., Closing period occurring October \u2013 December 2022: FY 2023, Closing period occurring January \u2013 September 2023: FY 2024)&nbsp;<\/p>\n\n\n\n<p>The payment on account shall be calculated by applying a 15% tax rate on the abovementioned tax result of the immediately preceding tax year to the one in which the payment on account shall be allocated.&nbsp;<\/p>\n\n\n\n<p>The payment shall be made in 3 installments in line with General Resolution N\u00b0 1778, as amended, by using the Tax-Code-and Sub-code: 10-185-185, according to the following deadline schedule:\u00a0<br><br><\/p>\n\n\n\n<figure class=\"wp-block-table\"><table><tbody><tr><td>Exercise Closing-Date&nbsp;<\/td><td>Deadline&nbsp;&nbsp;Installment N\u00b0 1&nbsp;&nbsp;&nbsp;<\/td><td>Deadline&nbsp;&nbsp;Installment N\u00b0 2&nbsp;<\/td><td>Deadline&nbsp;&nbsp;Installment N\u00b0 3&nbsp;<\/td><\/tr><tr><td>October 2022 &#8211; June 2023&nbsp;<\/td><td>12\/22\/23&nbsp;<\/td><td>01\/22\/24&nbsp;<\/td><td>02\/22\/24&nbsp;<\/td><\/tr><tr><td>July 2023&nbsp;<\/td><td>01\/22\/24&nbsp;<\/td><td>0222\/24&nbsp;<\/td><td>03\/22\/24&nbsp;<\/td><\/tr><tr><td>August 2023&nbsp;<\/td><td>02\/22\/24&nbsp;<\/td><td>03\/22\/24&nbsp;<\/td><td>04\/22\/24&nbsp;<\/td><\/tr><tr><td>September 2023&nbsp;<\/td><td>03\/22\/24&nbsp;<\/td><td>04\/22\/24&nbsp;<\/td><td>05\/22\/24&nbsp;<\/td><\/tr><\/tbody><\/table><\/figure>\n","protected":false},"excerpt":{"rendered":"<p>An Extraordinary Payment on Account of Income Tax for the Hydrocarbon Sector was published today in the Official Gazette of Argentina through General Resolution No. 5453\/2023.&nbsp; Entities carrying out any of the activities below shall be subject to the payment on account obligations provided that in the FY 2022 or FY 2023 Income Tax return, &hellip; <a href=\"https:\/\/taxupdate.com.br\/en\/argentina-extraordinary-payment-on-account-of-income-tax-hydrocarbon-sector\/\">Continued<\/a><\/p>\n","protected":false},"author":13,"featured_media":7700,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[470,345,506],"tags":[346,351,44,342,349,19,350],"class_list":["post-7699","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-artigos-artigos-2-2","category-latam","category-posts-en","tag-argentina","tag-latam","tag-tax","tag-tax-2","tag-taxcompliance-2","tag-taxupdate","tag-taxupdate-2"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.3 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>ARGENTINA: EXTRAORDINARY PAYMENT ON ACCOUNT OF INCOME TAX \u2013 HYDROCARBON SECTOR\u00a0 - TaxUpdate - Especialistas em Tax Compliance<\/title>\n<meta name=\"description\" content=\"Discover the latest fiscal developments in Argentina&#039;s Hydrocarbon Sector with the issuance of General Resolution No. 5453\/2023. 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Learn about the eligibility criteria based on reported tax results, the computation process, and the installment-based payment structure scheduled according to General Resolution N\u00b0 1778, providing a comprehensive insight into this significant fiscal regulation.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/taxupdate.com.br\/en\/argentina-extraordinary-payment-on-account-of-income-tax-hydrocarbon-sector\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"ARGENTINA: EXTRAORDINARY PAYMENT ON ACCOUNT OF INCOME TAX \u2013 HYDROCARBON SECTOR\u00a0 - TaxUpdate - Especialistas em Tax Compliance\" \/>\n<meta property=\"og:description\" content=\"Discover the latest fiscal developments in Argentina&#039;s Hydrocarbon Sector with the issuance of General Resolution No. 5453\/2023. 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This resolution outlines the criteria for an Extraordinary Payment on Account of Income Tax, applicable to entities engaged in Raw Petroleum Extraction, Natural Gas Extraction, Petroleum Refining Products Elaboration, and Conventional Thermal Energy Generation. 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