Tomorrow, February 15, 2024, is the deadline to file the tax return and pay the tax on offshore passive income without surcharge. This obligation came into effect with the publication of the amendment to the Income Tax Law Regulations on November 28, 2023, and is payable on a monthly basis.
In accordance with the provisions of the Law, foreign source passive income derived from assets located or rights economically used outside the national territory will be considered taxable, as long as and only if they are obtained by an entity that is part of a multinational group and that, in addition, is considered as a non-qualified entity.
Extraterritorial passive income taxed are dividends, interest, royalties, capital gains, real estate capital income and other income from movable capital obtained by entities that are members of a multinational group and that are considered as a non-qualified entity.
Finally, it is important to keep in mind that in order to comply with this formal and material obligation, taxpayers must file the corresponding 710-1 forms in the ATV portal and make the payment through the DTR system (Real Time Debit Service) in the same portal or through bank connectivity (internet and bank tellers).