The decision was made by the Ministry of the Economy based on requests from professional associations and banks, given the great interest aroused by the plan and the numerous changes that were made along the way.
The Ministry of Economy decided Postpone the deadlines of the Asset Regularization Regime for one monthat the request of banks, accounting firms and professional associations. It announced this through a statement in which it anticipates that The measure will be reflected in a decree of the Executive Branch.
“At the request of numerous banks and accounting firms and due to the great interest generated by the Asset Regularization Regime, the The National Government will provide by Decree, in order to facilitate the administrative tasks of the actors involved, the extension to make the manifestation of adherence to the Stage 1 regime, until October 31, 2024 inclusive,” says the official note.
Thus, the new dates for the three stages will be as follows:
- Stage 1: From October 1, 2024 to October 31, 2024, both dates inclusive.
- Stage 2: From November 1 to January 31, 2025, both dates inclusive.
- Stage 3: From February 1, 2025 to April 30, 2025, both dates inclusive.
“From this decree, all persons who wish, They will be able to deposit their money in a bank until October 31st inclusive and they will be able to withdraw it starting November 1,” the note states.
The statement clarifies that “Only cash regularized up to September 30th can be partially or totally withdrawn starting October 1st, as originally stipulated” and specifies that “from the day on which any cash amount is withdrawn, additional amounts cannot be regularized.”
Why did the government agree to change the deadlines?
For several weeks now the accountants They were asking the AFIP to modify the deadlines, due to operational problems and also to give more time to people to define their situation.One of the arguments put forward by the tax authority is that the deadlines are set in the text of the law and that it is therefore difficult to make changes to it.
But the law also states that the The Executive Branch could extend the deadlines as long as the time periods between stages were maintained. This requires a decree, which the AFIP will then have to regulate through a General Resolution. This entire legal process will take place in the next few hours.
How much money has already been declared?
According to bank estimates, some have already been opened 100,000 Special Asset Regularization Accounts (CERA). Until a few days ago it was estimated that the amount of dollars declared exceeded US$4,000 million, but the financial sector already estimates that could have earned over US$8 billion.
If so, it would be a Great news for the Minister of Economy, Luis Caputo, which needs to somehow increase the reserves of the Central Bank and thus deepening the fall of financial dollars.
Source: Ambito
