The Federal Administration of Public Revenues (AFIP) today raised the minimum amounts of customer movements, from which financial entities including banks and Payment Service Providers (PSP) must report them to the agency.
General Resolution 5348/2023, published today in the Official Gazette, raises the amounts of the information regimes.
From now on, banks must inform the AFIP when the total accumulated amount of credits and monthly withdrawals in current accounts, savings accounts, salary and social security accounts; and special accounts equal to or greater than $200,000, instead of the $90,000 stipulated above.
They must also communicate the movements when the balances of the accounts equal or exceed that amount on the last business day of the month, as well as when they do time deposits.
On the other hand, From now on, financial entities must provide information on all these customer concepts, even when the amount is exceeded in only one of them.
Today’s resolution also raises the amounts in the case of administrators of payment processing systems through electronic or digital management platforms, including Payment Service Providers (PSP) -known as virtual wallets- that were incorporated into said information regime in July 2021.
The firms must report the amounts, as well as the list of customer accounts, andn the event that the total income or expenses in the period equal or exceed $120,000 instead of $30,000- and when the balances on the last business day of the month equal or exceed $200,000, raising the previous floor of $90,000.
Lastly, the regime also applies when the type of operation, whether income or expenditure (cash, bank transfer, foreign currency, digital currency) is a bank or virtual transfer, and it equals or exceeds $400,000.
The updating of the amounts will begin to apply for the operations that are carried out as of next May 1, indicates the resolution of the tax agency.
Source: Ambito
