The General Directorate of Income (DGI) of the Ministry of Economy and Finance (MEF) informed through a statement that through Resolution No. 201-10011 of October 20, 2021, the Sales and Service Provision Report or Form No. 1027 is implemented, among the taxpayers of the Tax on the Transfer of Material Goods and Services (ITBMS) .
According to the DGI, the report seeks to improve compliance with the Tax (ITBMS) through knowledge of the sales operations reported by the main taxpayers of the tax.
According to the resolution, The report will be submitted by natural and legal persons with an income tax affidavit and who have received equal gross income or greater than $ 1,000,000 and / or possessed on the same date total assets for an amount equal to or greater than $ 3,000,000, in the fiscal period prior (annual) to the current one.
The document highlights that the date for the presentation of the aforementioned report will be from February 1, 2022 and must contain the required information corresponding to the previous month, beginning with the operations of the month of January 2022. It will be presented monthly no later than the last day of the month following the reporting period.
While, the operations carried out by means of electronic invoice, will be displayed at the time of the report generation, they must be confirmed by the taxpayer to integrate them into the form to be reported.
It is established, that the aforementioned report will be presented only through e-Tax 2.0 and the taxpayer must file a copy and keep them available if required. The DGI reiterates to taxpayers that the information will be submitted under the gravity of an oath and the verification of inaccuracy or falsehood will lead to prosecution for tax fraud in accordance with the behaviors established in the Tax Procedure Code.