What is the maximum amount that can be sent by bank transfer without paying taxes

What is the maximum amount that can be sent by bank transfer without paying taxes

A report specifies what are the extreme amounts to make bank transfersone of the current limits imposed by the Federal Public Revenue Administration (AFIP).

The thing is that, despite its usefulness due to the ease of carrying out transactions without having to have cash, the writing details certain instructions that are key to these operations.

Thus, the maximum amount to make in order to make a bank transfer without paying taxes is $125,000 at ATMs, and $250,000 through home banking.

However, when faced with a common question that users ask in the report, it is clarified that Banks do not charge anything for these types of operations.regardless of the amount. It is usually thought that a percentage remains for the entities.

The limits, likewise, vary depending on currency or exchange rate. That is linked to the limits that apply on transfers to regulate them.

How much is the limit in other currencies

Thus, the maximum that can be transferred without paying taxes in dollars is US$5,000same amount as for euros. This, if they are done through ATMs.

If it is for home banking, the maximum is US$12,000also the same amount as in euros, which is €12,000, revealed what was written by the French Bank.

Furthermore, it is emphasized that “the AFIP is in charge to administer and collect internal taxesand social security in Argentina”.

This, in addition to “taking care of control certain financial operations“, as is the example of bank transfers to which it puts a price.

The objective of this measure is to avoid crimes and risks such as money laundering or fraud. With adequate control, these are things that can be avoided, detected and/or sanctioned.

From when the AFIP will cease to exist

The presidential spokesperson, Manuel Adorniannounced this Monday at a press conference the dissolution of the Federal Public Revenue Administration (AFIP) and the creation of the Customs Collection and Control Agency (ARK).

The Government made the decision within the framework of the reduction of the state and the elimination of “inefficient structures” for an organization with a simpler, more efficient and less costly and bureaucratic structure.

The measure will reduce by 45% higher authorities and in a 31% lower levelsat the same time that the separation of 3,155 agents who entered the organization irregularly during the last Kirchnerist government, which represents 15% of the current staff.

He Government announced that this measure will generate annual savings of $6.4 billion. The disengagement of more than 3,000 agents is “an essential step to dismantle the bureaucracy unnecessary that has hindered the economic and commercial freedom of Argentines,” according to Adorni.

Source: Ambito

Leave a Reply

Your email address will not be published. Required fields are marked *

Latest Posts