The Federal Administration of Public Revenues (AFIP), recently announced that the term to enter income tax deductions corresponding to fiscal year 2021 will be extended.
This, as reported the organismwith the aim that taxpayers can comply with all the requirements demanded in the registration of deductions, which is carried out through the portal of the AFIP.
In this way, the registration that was initially scheduled for March 31, will be extended until next Wednesday, April 13as reported by the AFIP.
The registration of the concepts entered as payments on account must be done through the System for Registration and Updating of Income Tax Deductions (SIRADIG) by submitting the web Form F572.
Likewise, to enter the system virtually, it is necessary for taxpayers to have a tax code with security level 2 or higher, otherwise the procedure cannot be carried out.
In the system, “the annual deductions in the income tax and also the perceptions that would have been made during the period, as well as additional income, in the case of multiple employment” can be related, as indicated by the AFIP .
What concepts qualify as income tax deductions for the AFIP
The body reported that “taxpayers can deduct family charges (daughter, son, spouse or cohabitant)” as well as the medical assistance fee (prepaid medicine).
In addition, insurance premiums for the case of death (life insurance), savings premiums corresponding to mixed insurance, as well as contributions corresponding to private retirement insurance plans and donations are included.
Also interest on mortgage loans, burial expenses for dependents, medical and paramedical expenses, rental of real estate for home use and deduction for domestic staff.
Among other deductions, the AFIP included as a novelty the expenses for home office generated during the coronavirus pandemicas well as expenses for the purchase of clothing and equipment for exclusive use in the workplace.
