In accordance with AFIP regulations, taxpayers They will have time until next March 31 to enter the dollars. If they already did it last year, they can use the same special accounts that they used at the time.
Some banks warned their customers a few days ago that they would have to open a new account Within the framework of the changes established by the law 27,667 which was the modification of the Personal Property Tax Law approved in December of last year to increase the non-taxable minimum and the scales. But Central Bank sources indicated to Ámbito that it will not be necessary.
The repatriated funds must remain deposited until December 31, 2022 or be affected partially or totally, to any of the following destinations:
- Its sale in the free exchange market, through the financial entity that received the original transfer from abroad.
- The acquisition of certificates of participation or debt titles of productive investment trusts constituted by the Investment and Foreign Trade Bank (BICE).
- The subscription or acquisition of shares of common investment funds.
The tax rate for those with funds abroad is 0.7%, between zero and $3 million; 1.2%, for between $3 million and $6.5 million; 1.8%, for between $6.5 million and $18 million; and 2.25%, for those of more than $18 million.
But those who bring funds will have the same treatment as taxpayers with declared accounts in the country. That is, an aliquot of 0.5% for the first scale, 0.75% for the second, 1% for the third and 1.25% for the fourth. On the other hand, those with funds abroad for the equivalent of between $100 and $300 million will pay 1.50% and those with more than $300 million, 1.75%.
“The few taxpayers who dared to repatriate in 2020 and 2021, they benefited from the reduction of the tax and after the period of immobilization of the assets to the destinations provided for by the regulations, they were able to dispose of them freely,” said Sebastián Domínguez, partner at SDC Tax Advisors.. Domínguez clarified that “the uncertainty and the Argentine risk will surely mean that not many are encouraged to carry out the repatriation until next Thursday.
The specialist considered, however, that It would be necessary for the BCRA to clarify the situation of the repatriation accounts through regulations. “Since it is not regulated by the BCRA, it would be important for this body to issue the Communication instructing banks on the opening of accounts for repatriation provided for in Law 27,667, eliminating all doubts in this regard.” he opined. He added that “the AFIP and the National Securities Commission (CNV) should also dictate the respective regulations with the objective that the different investment possibilities of the funds to be repatriated are fully operational.”
Source: Ambito
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