Since AmCham they stressed that the signing of the exchange agreement of automatic financial information between Argentina and the United States represents a more than significant step to continue strengthening bilateral relations and achieve equal tax obligations for all Argentine citizens.
“We emphasize our position on the main challenge that lies ahead: generating opportunities and strengthening national development, which will bring certainties in the midst of a complex and challenging environment, and this is one more step towards that path,” the chamber said in a release.
For the organization, the implementation of the Foreign Account Tax Compliance Law program or FATCA agreement -for its acronym in English Foreign Account Tax Compliance Act-, as of January 1, 2023, has as its main objective fight tax fraudpromoting mechanisms that generate greater transparency and confidence growth in all sectors.
AmCham Argentina expressed that the main challenge ahead is to generate opportunities and strengthen national development, which will bring certainty in the midst of a complex and challenging environment, for which reason it understands that the signing of the agreement is one more step towards that path. With this agreement it will be possible to consolidate “a sustained economic recovery, with positive indicators in private investment and the creation of quality jobs.”
In addition, they stressed that following this line it will be possible to consolidate a sustained economic recovery, with positive indicators in private investment and the creation of quality jobs.
As of 2023, the Federal Administration of Public Revenues (AFIP) will have massive access to all accounts of Argentines in the United States, personal accounts, and companies where Argentines are final beneficiaries.
Source: Ambito
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