According to the collecting agency, the omission of the tax represents a figure similar to the fiscal effort that the new measures will imply.
The Federal Public Revenue Administration (AFIP) Intimated 208 taxpayers who have assets abroad and they did not report their holdings outside the country. The assets were not included in the income tax returns. Personal property presented to the body.
He total tax omitted exceeds 330 billion pesos, a figure similar to the fiscal effort that the new VAT refund measures will imply for employees, retirees and beneficiaries of the Universal Child Allowance (AUH), as reported by the agency.
These cases, which are in the process of inspection, also have an impact on the Income Tax, by virtue of the payments credited to those accounts for interest, dividends, and other types of income.
The AFIP must deliver information to the Public Ministry under fiscal secrecy without prior authorization from Justice
The control actions deployed by the different specialized areas respond to tax administration decisions of the management led by Carlos Castagneto to reinforce the tax revenue coming from the population segments with greater purchasing power.
Identification of accounts or financial holdings of undeclared Argentines is the result of exploitation of the information received by the AFIP from third countries through the exchange automatic financial accounts (CRS). This international mechanism provides for the annual automatic exchange of account holders’ information: their name or denomination; home; tax identification number; account number; account balance as of 12/31, among other relevant data.
Information exchange with the US: how the mechanism works
The AFIP already receives information from the countries with which Argentina has a activated relationshipcorresponding to the year 2022. By the end of September the data submission of Argentine residents with accounts abroad of the 108 countries that currently constitute the network of exchange partners.
Greater fiscal cooperation, increased international transparency and the improvement in communication between jurisdictions, directly affects the increase in collection for holdings and undeclared income abroad that previously remained hidden from the treasury.
Source: Ambito
