On 12 July 2019, the Federal Administration of Public Revenues (AFIP) of Argentina has published General Resolution No. 4522/2019 amending several provisions of General Resolution 4034 which was issued in 2017. The resolution modifies the determination of advance payment and deductible procedures of the income tax for the corporation.
According to Article 2, corporation must make ten advance payments. Determination of the first advance payment is 25% and each remaining nine payment is 8.33%.
The provisions of this general resolution will come into force on the day of its publication in the Official Gazette and will be applicable for advances corresponding to 2019 and subsequent fiscal periods.