From the Argentine Confederation of Medium Enterprises (CAME) we inform that the Federal Administration of Public Revenues (AFIP), through General Resolution 4719/2020, established the mechanism that employers who request withdrawal from the Emergency Assistance Program for Work and Production (ATP) must follow. The regulations enable companies to reimburse the benefit of the complementary salary received by their dependent workers.

Regarding salaries earned in April, employers have time to restore the benefit until May 31, inclusive. For salaries earned in May and the following months - if the benefit is extended - the regulations establish that the reimbursement of the complementary salary may be made up to and including the 20th day of the month in which the payment was made.

In those cases in which the period between the date of payment of the benefit and the expiration date of the transfer to AFIP is less than 5 business days, the employer may transfer the corresponding sums within this last period.

The interest to be applied on the capital amount (amount of the benefit that is refunded) will be calculated from the date on which the sums have been credited to the workers' accounts, until the date of the effective transfer. The total amount of interest will arise from applying to the capital the evolution of the Reference Stabilization Coefficient (CER) between said dates.

Within 48 business hours, AFIP will proceed to deposit the transferred sums in the account indicated for this purpose by the ANSES, communicating to the latter the information that arises from the presentation made by the employers.

To access General Resolution 4719/2020, click here.

CAME