A special regime “Voluntary Declaration of Non-Externalized Argentine Savings” will be created; know what assets could be laundered.
The Government ordered the creation of the special regime “Voluntary Declaration of Non-Externalized Argentine Savings” in which they can participate human persons, undivided estates and companies, official sources confirmed Ambit.
Between the goods covered for laundering it’s found 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).
As for the applicable rates for the externalization of the country’s and foreign assets when there is repatriation applicable to the externalized amount at the BNA exchange rate be of 5%, from the entry into force and until the period of 120 calendar days has elapsed.
will be from 10%, for goods declared from the expiration of the term of the previous point and until the period of 120 calendar days has elapsed. And a 20%, for goods declared since the expiration of the term of the previous point and until the period of 120 calendar days has elapsed.
Simplified regimen
A simplified regime is established with a special rate of 1.5% applicable to individuals who externalize Possession of national and/or foreign currency and the amount does not exceed 35% of the average annual income of the last 3 fiscal periods and with a limit of up to US$50,000.
To access the simplified regime, the voluntary declaration of the possession of national currency or foreign currency will require the preparation of a purely informative sworn declaration that accounts for the externalized amount.
Only those taxpayers covered by the Solidarity Contribution are excluded from the Simplified Regime (taxpayers with high contributive capacity are excluded)
Source: Ambito
