This is for cases where the tax must be paid in pesos, such as when laundering assets, shares or bonds in Argentina. The valuations are at an exchange rate of $1,000.
Taxpayers who wish to take advantage of money laundering to put their assets in order They could save at least a few cents from the tax authorities. 30% the cost of the special tax that they must pay to enter the program. This is the new type of official dollar, which the law sets at $1,000 per unitand is used to value the assets to be declared.
Although the tax was set in dollars, there is one exception: Only when it concerns assets that are in Argentina, such as real estate, shares and securities, the fine may be settled in national currency.. Hence, several financial analysts are carefully analyzing recommend that their clients join the plan, for now, until September 30.
This is the case of A property in Argentina valued at around US$200,000 would have to pay a 5% tax.. The valuation of that asset is made at $1,000 per dollar, so the amount to be paid would be $10 million or $10,000. If that person If you already had dollars for that amount and sold them on the blue market you could get $13,850,000, although the Government will only have to pay $10 million. At market value, the taxpayer would be saving about US$2,780, or in other words, would be paying US$7,220.
Play that gap It is only possible when it involves goods in the country, other than cash. or deposited in banks. If the funds are abroad, the fine is paid in dollars.
Some financial analysts go further in speculation and argue that if the person sells banknotes in any of the uncontrolled versions of the current exchange rate, thus establishing a gap of 50% with the official rate, investing the pesos in Capitalization Letters (LECAPs) that the National Treasury offers until September 31, and pays the tax at that time, up to 75% of the tax cost could be saved.
What is clear is that beyond this type of speculation, Anyone who has dollars now and wants to launder property in the country will be able to do so at a much lower cost. if you bet on the “whitewashed dollar” gap.
Special bank accounts may be opened for money laundering without laundering
According to the tax specialist Alberto Mastandrea, from BDO studio, A person could ask a bank to open a special account even if he did not have to launder money, for the purpose of receiving money declared there by another person.
As long as they remain in such accounts until December 31, 2025, they will not pay the excise tax.
This possibility included in the law allows that the money meets the one-year parking requirement to avoid paying taxes and It can also be used to purchase registered assets or pay off debts.
Source: Ambito
