Presumptive yields: Its liquidation rate was set at 4.54 %.

To calculate the value of the presumptive yields during 2019, a rate of 4.54% must be applied.

The figure of presumptive interest is regulated in Article 35 of the Tax Statute and applies when companies lend to their partners or shareholders, or when these make loans to the company or corporation in which they own shares. In this regard, it is necessary to take into account that, for income tax purposes, it is presumed that any loan in money, whatever its nature or denomination, granted by the companies to their partners or shareholders and vice versa, generates a minimum annual return proportional to the time of possession.

The tax regulation establishes that, when a real rate is not agreed for the estimation of the interests, these must be calculated according to the interest rate of the fixed term deposit -DTF- in force as of December 31 of the year immediately preceding the taxable year. Consequently, for 2019 the presumptive interest must be calculated at a rate of 4.54 % effective annual rate, corresponding to the DTF interest rate in force as of December 31, 2018.

Source: Actualize