The first stage of money laundering comes to an end in the next few hours, so from Tomorrow no more cash will be regularized, since the Government decided not to establish a new extension.
Consequently, these are the last hours for taxpayers to deposit the cash into the special CERA account. Previously, they must make a declaration of adhesion and then complete the process by making an affidavit, attaching the documentation of the operation, whose deadline is November 30.
Until now, it was known that US$15,000 million had entered, according to the Central Bank (BCRA). This figure already represents double the result obtained during Mauricio Macri’s administration in 2016.
How money laundering continues
As of October 1, those who had deposited their dollars in September could choose to withdraw them, but nevertheless the withdrawal was minimal, which also encouraged the increase in credits to the private sector.
Laundering is divided into three stages and in each of them the rate to be paid for the regularized assets is modified.
During the first stage, there is the possibility of declaring cash and assets. It should be remembered that with regard to cash assets, externalization of up to US$100,000 does not have any type of penalty.
Stage two has the period to carry out the demonstration and advance payment from November 1 to January 31. And until February 28, 2025, the sworn declaration can be submitted and the payment completed.
The third stagemeanwhile, runs from February 1, 2025 to April 31, 2025, with presentation of the declaration and payment of the rate until May 31. The Executive can establish an extension of money laundering until July 31, 2025, inclusive.
The rates that apply are:
- Stage 1: 5%
- Stage 2: 10%
- Stage 3: 15%
One detail to keep in mind is that if a taxpayer makes accessions in more than one stage, the last one will be taken as the stage for calculating rates.
Source: Ambito
