On Saturday, November 7th, the Tax Administration published General Resolution No. 70/2020 in order to set regulations for certain aspects of Taxes on Dividends and Profits (IDU), specifically the obligation to file Informative Statements (DJI).
The Tax Administration “construes” Law No. 6380/2019 and defines the scope according to their criteria, addressing issues such as: i) filing of DJI by the “EDGUR” within the sixth month following the closing of the fiscal year, ii) information required to be provided to SET (date of meeting or the like, reported fiscal year, total amount of profits, amount to be distributed, etc.).
We emphasize on the importance of clarity when drafting the minutes regarding meetings of shareholders or stakeholders, as these documents must be attached to the DJI, and ambiguous or unclear drafting could give rise to IDU’s claims.
For more information, please contact:
federico.valinotti@berke.com.py
BKM | BERKEMEYER
