Abbreviations
Below you will find the list of abbreviations and terms used in describing the Taxes module.
| Abbreviation | Description |
|---|---|
|
Stamp Tax |
Stamp tax is levied by each of the 24 jurisdictions into which Argentina is divided, and applies principally to contracts and agreements, mortgages, and other obligations, and discharges of a civil, financial, or commercial nature of which there is written evidence or, in certain instances, there are entries in books of accounts. |
|
Tax Events |
Refers to any event or transaction that results in a tax for the party who executes the transaction. |
|
Tax Base |
The base amount of the tax events on which the tax is calculated. |
|
Tax Rate |
It is the percentage at which tax is calculated on the tax base. |
|
Jurisdiction |
It is the province of the customer, mostly the same as the residence of the customer, except in other circumstances. The jurisdiction will dictate the tax calculation methodology to be applied for the jurisdictional taxes. |
|
Non-Instrumented |
It is a document only signed by client or neither bank nor customer during loan/deposit contract creation. Current accounts are always non-instrumented. |
| AFIP | Administración Federal de Ingresos Públicos (The Federal Administration of Public Revenues) |
| Returns Padron | Some jurisdictions publish files including information about tax returns. These padron files contains the details of withdraws taken from the customer’s account to be returned. |
| CBU |
Single Banking Code (English) Clave Bancaria Uniforme (Spanish) |
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