A special regime “Voluntary Declaration of Non-Externalized Argentine Savings” will be created; I know who will be able to participate and who will not.
He Government provided for the creation of a special regime called “Voluntary Declaration of Non-Externalized Argentine Savings”.
Who will be able to access the new money laundering? individuals, undivided estates and companies (subjects included in article 53 of the Income Tax Law). Excluded are subjects who, between January 1, 2010 and the effective date of this law, have performed public functions and, also, their spouses, cohabitants, parents and children.
Besides, those subjects declared in a state of bankruptcy without the possibility of continuing with the exploitation are excludedas well as to subjects convicted of crimes against tax non-compliance to the extent that there is a final sentence and that the sentence was not served.
Among the assets included will be the possession of national and/or foreign currency in the country and/or abroad, financial assets, real estate, movable property and other assets in the country and/or abroad (including credits).
Among the benefits is that Unjustified equity increases will not be considered for the declared assets, and that the subjects included are released from all civil, commercial, tax criminal, exchange criminal, customs criminal and administrative infractions that may correspond to the declared assets.
Furthermore, the subjects they are released of the following taxes that they had omitted to declare as, Income Tax, Internal Taxes and Value Added Taxes, and Taxes on Personal Assets and the special contribution of cooperatives.
Source: Ambito
