Registered Responsible: What is it?
Posted: Tue Jan 07, 2025 10:03 am
The registered taxpayer is the taxpayer who belongs to the general regime and pays each tax individually: VAT, Income Tax and Self-Employed (social security and social work).
As a registered taxpayer, you have the option of using VAT payments as a tax credit and you have no limits on your billing amounts, activities or conditions of your workspace.
The main advantages of being a registered officer are:
Possibility of taking part georgia phone data of the expense as a tax credit against VAT.
Possibility of deducting the expense incurred from income tax.
Savings on the monthly fee for self-employment tax.
And the main disadvantages are:
Obligation to submit VAT (monthly) and Income Tax (annual) declarations.
Obligation to keep and submit the Digital VAT Book monthly .
Higher tax composition in the sales price.
What receipts must a registered person issue?
If you decide to enroll in the general regime, these are the types of invoices you must issue:
Invoice A : is issued by a registered taxpayer to another registered taxpayer. Likewise, if this type of taxpayer issues invoices to a self-employed taxpayer, they must be type “A” receipts , with the legend Receipt recipient – Self-employed taxpayer .
Invoice B : This is the receipt issued by a registered person to end consumers. This is the type of invoice that you will give to the customers of your online store. Likewise, invoice B is issued by registered persons to those subjects exempt from VAT.
M Invoice : Like the A invoice, the M invoice is issued from registered party to registered party. The difference is that the party receiving the “M” class receipt will act as a VAT and income tax withholding agent.
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What is the tax code and how to obtain it? Requirements and steps
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Bonus : How to calculate Earnings
If you are wondering how to calculate VAT and Profits as a registered taxpayer , we recommend that you first read this complete guide on VAT and, secondly, take advantage of the tips we share with you below on Profits.
The liquidation of Earnings is carried out annually and requires the analysis of the particularities of each case, in a personalized manner and under the advice of suitable professionals. However, its calculation can be summarized as follows:
Income Tax = Profits (Sales – Expenses) * rate
The rate will depend on the fiscal period being settled and the nature of the taxpayer (natural or legal person).
To learn more about Earnings, we recommend that you review this content:
Information for the calculation and settlement of taxes (Source: AFIP).
Current Taxes in the Argentine Republic at the National Level (Source: Undersecretariat of Public Revenue of the Ministry of Economy – updated as of June 30, 2021).
Monotributista: what it is
A self-employed taxpayer is a person who is part of the simplified system offered by the Federal Public Revenue Administration (AFIP) to small taxpayers to pay a fixed amount monthly, without having to complete the settlements of each tax.
As a registered taxpayer, you have the option of using VAT payments as a tax credit and you have no limits on your billing amounts, activities or conditions of your workspace.
The main advantages of being a registered officer are:
Possibility of taking part georgia phone data of the expense as a tax credit against VAT.
Possibility of deducting the expense incurred from income tax.
Savings on the monthly fee for self-employment tax.
And the main disadvantages are:
Obligation to submit VAT (monthly) and Income Tax (annual) declarations.
Obligation to keep and submit the Digital VAT Book monthly .
Higher tax composition in the sales price.
What receipts must a registered person issue?
If you decide to enroll in the general regime, these are the types of invoices you must issue:
Invoice A : is issued by a registered taxpayer to another registered taxpayer. Likewise, if this type of taxpayer issues invoices to a self-employed taxpayer, they must be type “A” receipts , with the legend Receipt recipient – Self-employed taxpayer .
Invoice B : This is the receipt issued by a registered person to end consumers. This is the type of invoice that you will give to the customers of your online store. Likewise, invoice B is issued by registered persons to those subjects exempt from VAT.
M Invoice : Like the A invoice, the M invoice is issued from registered party to registered party. The difference is that the party receiving the “M” class receipt will act as a VAT and income tax withholding agent.
You may also like:
Article
What is the tax code and how to obtain it? Requirements and steps
Image from: What is and how to get the tax code? Requirements and steps
Bonus : How to calculate Earnings
If you are wondering how to calculate VAT and Profits as a registered taxpayer , we recommend that you first read this complete guide on VAT and, secondly, take advantage of the tips we share with you below on Profits.
The liquidation of Earnings is carried out annually and requires the analysis of the particularities of each case, in a personalized manner and under the advice of suitable professionals. However, its calculation can be summarized as follows:
Income Tax = Profits (Sales – Expenses) * rate
The rate will depend on the fiscal period being settled and the nature of the taxpayer (natural or legal person).
To learn more about Earnings, we recommend that you review this content:
Information for the calculation and settlement of taxes (Source: AFIP).
Current Taxes in the Argentine Republic at the National Level (Source: Undersecretariat of Public Revenue of the Ministry of Economy – updated as of June 30, 2021).
Monotributista: what it is
A self-employed taxpayer is a person who is part of the simplified system offered by the Federal Public Revenue Administration (AFIP) to small taxpayers to pay a fixed amount monthly, without having to complete the settlements of each tax.