Given the opportunities offered by a growing Argentina, by regularizing their numbers they could access better conditions to finance their new projects.
He Asset Regularization Regime provided for in Law 27743 – better known as money laundering – can offer to the SMEs an opportunity. Firstly, those who join are forgiven all unpaid taxes and have access to the fiscal cap: the AFIP will not be able to question the origin or use of that money.
Many SMEs who have chosen not to declare their income could pay higher financing rates since the numbers do not match their projects… And today, given the opportunities offered by a growing Argentina, by regularizing their numbers they could access better conditions to finance their new projects. Without going any further, a major objective for the Government is to encourage the reactivation of economic activity.
This regime has three distinct stages. Only in the first stage can cash dollars be laundered. The first $100,000 is free of charge, and anything over that amount is taxed at 5% as money laundering tax. In the second stage, this rate doubles (10%). For this reason, among other characteristics (such as the fact that cash can only be laundered in stage I), it is important to make the decision as soon as possible.
Now, there are authorized investments to avoid paying this tax, provided that the laundered assets remain invested until 12/31/25 (within this universe) and/or within the universe of special accounts.
Specifically, these are as follows:
- Public securities issued by the National State (including BOPREAL), Provincial, Municipal and/or the Autonomous City of Buenos Aires.
- Shares placed by public offering
- Negotiable bonds with public offering
- Special shares of open and closed mutual funds, the latter placed by public offering authorized by the CNV
- Participation certificates or debt securities of trusts placed by public offering authorized by the CNV, intended for the financing of MSMEs, and/or investment and/or financing in productive, real estate and/or infrastructure projects, to promote productive investment.
- Deferred payment checks and promissory notes negotiated in authorized markets
- Real estate projects (that respect certain conditions)
It is clear that the capital market will attract many of these investments by improving the rates of the different assets and encouraging many companies to “go out” to look for the laundered dollars to finance their projects through the issuance of Negotiable Bonds or the different authorized instruments.
From PPI, our team of financial advisors will guide those SMEs who wish to participate in this new money laundering, with the financing alternatives that will result from it, as well as in the preparation of their investment portfolio for the laundered assets, and in the monitoring of said investments, seeking the best strategy at all times.
Corporate Director of PPI.
Source: Ambito
