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Income tax return: Loss offset

In the income tax returns for the taxable year 2018 of resident individuals, only tax losses within the capital and non-labor income categories may be offset. However, such compensation will be subject to special calculations, depending on the year in which the loss was formed. “in the preparation of the 2018 taxable year income tax … Read more

VAT Offsetting: Will start earlier due to COVID-19

Through Decree 419 of March 18, 2020, the Ministry of Finance regulated the criteria for the recognition and payment of compensation in favor of the most vulnerable population. This program would start in April, as a measure to mitigate the economic vulnerability of households affected by COVID-19. After having published a draft decree through which … Read more

Credit balances and offsets: deadlines for their refund

Taxpayers who liquidate balances in favor in their returns may impute them in their private liquidation or request their compensation. Those interested in requesting the refund of a balance in favor or requesting a compensation must take into account certain deadlines. The request for refund of credit balances must be filed no later than two … Read more