ARTICLE · 16 SEPTEMBER 1997
Simplified Regime For Small Enterprises Under Construction
ArgentinaAccounting and Audit
A simplified regime for small enterprises is being discussed by the tax authorities and members of the congress. This regime would apply to enterprises whose turnover does not exceed ARS 300,000, and, under the regime, VAT and income tax would be replaced by a single tax.
There are three categories of taxpayers for this purposes:
a) enterprises with an annual turnover not exceeding ARS 100,000, business premises not exceeding 40 square meters and with only two employees would pay an annual lump-sum tax of ARS 1,500 (VAT) and ARS 200 (income tax);
b) enterprises with an annual turnover between ARS 100,000 and ARS 200,000, business premises of 60 square meters and with five employees would pay ARS 3,000 (VAT) and ARS 800 (income tax); and
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