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ARTICLES

LEGAL RESOURSES

Exchange rate:

$ 17.26

    • ARTICLE 31 A: TAXPAYERS MUST SUBMIT THE INFORMATION OF THE OPERATIONS INDICATED IN THE OFFICIAL FORM AND THE SPECIFIED TERM

    Taxpayers must submit, based on their accounting, the information of the following operations:

  • The financial operations referred to in articles 20 and 21 of the Law on Income Tax (Ley del Impuesto sobre la Renta).

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  • The operations with related parties.

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  • Those relating to the participation in the capital of companies and changes in tax residence.

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  • Those related to corporate reorganization and restructuring.

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  • Those related to disposals and contributions of goods and financial assets; operations with countries with territorial taxation system; financing operations and their interests; tax loss; capital refunds and dividend payments.

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    The information referred to in this article must be presented quarterly through the means and formats indicated by the Service Tax Administration (Servicio de Administración Tributaria) through general rules, within sixty days following that in which the quarter in question ends.

    When the taxpayers present the information incompletely or with errors, they will have a period of thirty days from the notification of the authority, to complement or correct the information presented.

    The tax obligation indicated in this article will be considered breached, when the taxpayers, after the deadline indicated in the preceding paragraph, have not submitted the relevant information or it is presented with errors.