The Government, through the presidential spokesperson Manuel Adorni, announced the preliminary figures for money laundering in the morning. “18 billion dollars have been deposited in cash alone,” he said.
The president echoed the news through a post on social networks in which he thanked Argentines for their support. “Thank you Argentines for the trust in the economic plan. Laundering is a resounding success with more than US$18 billion deposited, only in cash“he highlighted.
“Inflation goes down, poverty goes down, country risk goes downwe eliminated regulations and that is why confidence returns in Argentina, which is emerging from the misery that the impoverishing lefties left us,” continued the libertarian economist, and then closed with his characteristic message: “LONG LIVE FUCKING FREEDOM…!!! “.
The first stage, which was originally going to end on September 30, had been extended until October 31. Now, according to the Executive’s announcement, it will be in effect until November 8. During this period, the possibility of declaring cash and goods will continue to be valid.
It should be remembered that with regard to cash assets, externalization of up to US$100,000 does not have any type of penalty. During the following days, the rate that will be applied will be 5%.
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 rate will be 10%.
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 rate will be 15%.
- 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.
As reported Scope, Thanks to laundering, bank deposits in dollars already exceed the nominal maximum they had reached on August 12, 2019, which was US$32,492 million. Today, they already reach US$33,333 million (they rose on Tuesday US$841 million, latest official data), and it is the highest level since February 2002, before the “corralito” opened. The market now analyzes how the first stage impacts the financial variables and projects how the process will continue.
Source: Ambito
