How much money can be transferred without AFIP control?

For certain operations involving large amounts of money, such as the sale of property or vehicles, provided that it is supported by the corresponding receipt that justifies the income.

In the case of others of lesser value, up to a certain limit there is no AFIP verification. For example, if a friend lends you or returns a relative a small amount for a daily payment. This is very common in virtual wallets like Market Payment, Or even in bank accounts.

It may also happen that the transfer is not “justified” because an operation was made without properly declaring. It is in these cases that the AFIP should intervene, although it does not do so in all cases.

Amounts less than $200,000 are often off the radar of the collecting agency. At the time, that threshold was lower, but with the pandemic it was increased given the increase in daily operations. And later it was justified in that the increase in inflation meant that more and more transfers were observed if lower levels were maintained.

But attention. The amount of $200,000 is a monthly total, which means that if several transfers exceed that amount, the AFIP you can start monitoring transactions if you have suspicions.

What happens if the AFIP investigates a transfer?

if you are monotributista either registered manager, You run the risk that the tax authorities suspect tax evasion by not having billed that money. In this case, the action of AFIP is very broad, from applying sanctions I fines, until lose monotributista status if you exceed the monotribute limits due to that transfer.

On the other hand, if you are not registered, the bank can hold or reject the transfer and ask you to justify the funds. Otherwise, they could close your account and create a Suspicious Operation Report (ROS) before the Financial Information Unit (FIU).

In the event that you receive a transfer of a large amount of money to your account by mistake, you do not have to worry. You simply have to contact your bank and inform them about the erroneous accreditation. The bank will proceed to reverse the transfer and return the funds to the person who made the transfer order.

How much money can I receive by transfer without declaring 2023?

The minimum amounts of transactions from which the banks must inform the AFIP in this regard are:

• cumulative total amount of accreditations and extractions monthlybalances of checking accounts, savings accounts, salary or social security accounts and special accounts: $200,000;
• Debit card consumption accumulated per month: $120,000;
• transfers virtual or bank: $400,000 per operation.

The virtual wallets or digital financial platforms in general -including Payment Service Providers (PSP) that offer payment accounts- must report movements with the following characteristics:

• Income and/or expenses totals in the reporting period: $120,000;
• Balances that, as of the last business day of the reported monthly period, are equal to or greater -in absolute values- than $200,000.
• transfers virtual or bank: $400,000 per operation.