{"id":7629,"date":"2016-10-25T15:32:19","date_gmt":"2016-10-25T20:32:19","guid":{"rendered":"https:\/\/phrdev.pixelpro.website\/novedades\/changes-statute-limitations-assessment-collection-tax-returns\/"},"modified":"2020-10-23T17:02:51","modified_gmt":"2020-10-23T22:02:51","slug":"changes-statute-limitations-assessment-collection-tax-returns","status":"publish","type":"post","link":"https:\/\/phrlegal.com\/en\/novelties-en\/changes-statute-limitations-assessment-collection-tax-returns\/","title":{"rendered":"CHANGES IN THE STATUTE OF LIMITATIONS FOR ASSESSMENT AND COLLECTION OF TAX RETURNS"},"content":{"rendered":"<p><b>The Tax Administration will have broader terms to exercise its audit powers over taxpayers.<\/b><\/p>\n<p><span style=\"font-weight: 400;\">The Government proposed to extend the statute of limitation from two (2) years to three (3) years, computed since: <\/span><\/p>\n<ul>\n<li style=\"font-weight: 400;\"><span style=\"font-weight: 400;\">The due date to file the tax return; <\/span><\/li>\n<li style=\"font-weight: 400;\"><span style=\"font-weight: 400;\">The filing date of the tax return, when it was filed extemporaneously; <\/span><\/li>\n<li style=\"font-weight: 400;\"><span style=\"font-weight: 400;\">The date of the request for a balance in favor; and <\/span><\/li>\n<li style=\"font-weight: 400;\"><span style=\"font-weight: 400;\">The use of the balance in favor in subsequent tax periods.  <\/span><\/li>\n<\/ul>\n<p><span style=\"font-weight: 400;\">In the same way, the Government proposes to extend the statute of limitation of the tax returns that report NOL from five (5) years to eight (8) years since the submission date.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">If the tax losses are offset during the last two (2) years before the due date, the statute of limitation would be extended for three (3) more years in regards to the corresponding tax return. <\/span><\/p>\n<p><span style=\"font-weight: 400;\">For taxpayers obliged to file transfer pricing returns, the statute of limitation will be six (6) years since the due date, or the <\/span><span style=\"font-weight: 400;\">submission date, in the cases in which it was submitted extemporaneously.<\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>The Tax Administration will have broader terms to exercise its audit powers over taxpayers.<\/p>\n","protected":false},"author":2,"featured_media":7273,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"site-sidebar-layout":"default","site-content-layout":"default","ast-site-content-layout":"default","site-content-style":"default","site-sidebar-style":"default","ast-global-header-display":"","ast-banner-title-visibility":"","ast-main-header-display":"","ast-hfb-above-header-display":"","ast-hfb-below-header-display":"","ast-hfb-mobile-header-display":"","site-post-title":"","ast-breadcrumbs-content":"","ast-featured-img":"","footer-sml-layout":"","ast-disable-related-posts":"","theme-transparent-header-meta":"default","adv-header-id-meta":"","stick-header-meta":"default","header-above-stick-meta":"","header-main-stick-meta":"","header-below-stick-meta":"","astra-migrate-meta-layouts":"default","ast-page-background-enabled":"default","ast-page-background-meta":{"desktop":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center 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