What happens if I don’t justify where the money for a transfer comes from?

What happens if I don’t justify where the money for a transfer comes from?

When carrying out some operations, such as a bank transfer, AFIP usually applies some discounts and withholdings. The details.

At the time of receiving a wire transfer doubts may arise about what discounts or perceptions can be applied by the AFIP. But not all cases warrant it.

The withholdings that are usually charged on transfers are payments on account of Gross Income and/or Personal Assets. In this sense, in the case of monotributistas, it only applies if they are adhered to the multilateral agreement, since in the case of developing the activity in a single jurisdiction, people usually register in the unified monotribute, which does not apply this type. retention.


What is the limit amount to not justify the money of a transfer?

The limit established by AFIP to make transfers without the need to present justification was recently updated, and due to the inflationary context that is being experienced, it is $400,000 per transaction.

When you exceed that figure, there begins to be a risk of having to declare the origin of the money.

What does the AFIP do if it is not justified where the money for a transfer comes from?

If you are a monotributista or registered responsible person and do not justify your money, the AFIP can apply sanctions, fines and even recategorize if you exceed the monotax limits due to that transfer.

On the other hand, if you are not registered, the bank could hold or even reject the transfer. In addition to asking you to justify the funds. Otherwise, they could close your account and file a Suspicious Operation Report to the Financial Information Unit.

In the case of receiving a transfer of a large amount of money into your account by mistake, you must contact your bank and inform them of the erroneous crediting.

Step by step: how to justify the money of a transfer

The most common documentation to justify the origin of funds are:

  • Salary receipts and/or retirement benefits
  • Billing for the last few months
  • Certificate of funds issued by a public accountant
  • Declaration of the heir
  • Documents that prove the sale of shares or company
  • Sales tickets, for example, in the case of the sale of a vehicle

Source: Ambito

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