This is because cash will be treated in a special way and goods will be treated in a general way. In the first case, the deductible is a minimum exemption and in the second, it is a minimum non-taxable amount.
People who decide to enter the bleach They will have the opportunity to regularize cash and assets totaling up to US$200,000 without paying the special tax.
The National Tax Directorate (DNI) established that when a taxpayer launders a property, the US$100,000 deductible will operate as a non-taxable minimum. Whenever effective, this limit acts as an exempt minimum.
The agency issued a resolution that echoes the claim of tax advisors, who had requested clarification on the scope of the money laundering.
Last week, The Professional Council of Economic Sciences of the City of Buenos Aires highlighted that the Government was working on a clarifying decree. Strictly speaking, the money laundering exemption is treated as an exempt amount. That is to say, if it exceeds the limit, 5% is paid on the total. On the other hand, in the case of a good, the tax is paid only on the difference that exceeds it.
Clarifications on money laundering: the Council’s questions and official responses
- Ask: “What tax must be paid by a taxpayer who regularizes $80,000 in a property and $90,000 in cash? The $100,000 deductible, is it one for cash and another for the property, since it is a general regime and a special regime?
- Answer: “The money in cash is governed by the provisions of Article 31 of the law, and not to exceed US$100,000, these must remain deposited in a special account until September 30, inclusive, or be allocated until that date, in whole or in part, to one of the destinations admitted by the norm. Starting October 1, these funds may be withdrawn without paying the 5% withholding.” “Only the property valued at US$80,000 is subject to the provisions of article 28 of the law. and, being the only asset that falls within that framework, as its amount is less than the US$100,000 of the franchise of the aforementioned article 28, it does not give rise to a special tax to be paid.”
- Ask: What tax must be paid by a taxpayer who regularizes $180,000 in a property and $120,000 in cash? The US$100,000 deductible, is it one for cash and another for the property, since it is a general regime and a special regime?
- Answer: “The money in cash is governed by the provisions of article 31 of the law, and for exceeding, in this case, US$100,000, These funds must remain deposited in a special account until September 30, inclusive, or be allocated until that date, in whole or in part, to one of the destinations admitted by the norm. From October 1 to December 31, both dates inclusive, said funds must continue to be deposited in the special account or be allocated to one of the destinations indicated; otherwise, Money that does not meet this condition will be subject to a 5% withholding tax. From the As of January 1, 2026, those funds will be able to be withdrawn without paying the 5% withholding tax.” “It is only subject to the provisions of Article 28 of the law, the property valued at US$180,000 and, being the only good, in the example brought to consultation, that is framed within that framework, As its amount is greater than US$100,000 of the franchise of the aforementioned article 28, will give rise to a special tax on pay on the amount that exceeds such deductible (that is, over US$80,000).”
Thus, A person who has US$100,000 in cash to settle their tax and a home valued up to the same amount will not pay the tax.
Source: Ambito
