These are the new amounts from which virtual banks and wallets must report fiscal information to the agency.
Since October last year, by decision of the National Government and through the Decree 953/2024the AFIP was replaced by the Customs Collection and Control Agency (ARCA). The new agency inherited all its responsibilities as a tax entity, including tax collection, foreign trade control and assurance of compliance with tax, customs and pension obligations.
Through the General Resolution 5512/2024the agency announced the new amounts from which virtual wallets and banks are obliged to report Fiscal information On transfers, balances and consumption. This adjustment entered into force the January 1 and the values for the control of financial operations will be automatically updated each 6 months according to inflation measured by the Consumer Price Index (CPI)data analyzing the Institute of National Statistics and Census (INDEC).
The new regime will not directly impact consumers, but will establish that financial entities and virtual wallets They must report Specific movements to the fiscal body. The operations included cover transactions, balances and consumption made by users.
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How much can I transfer without alerting ark
Arca updated the limits for transfers, balances and consumptions that taxpayers can make without virtual financial entities and wallets reporting on these movements. Its objective is to strengthen supervision, guarantee the transparency of operations and prevent possible irregular maneuvers within the financial system.
This procedure began in 2018from resolution 4298 of, at that time, AFIP. The regulations reach banking entities, common investment funds (where virtual wallets) and stock market agents are located, among others.
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Among other things, entities must inform the high, low and modifications of accounts and the movements they perform from certain amounts that are automatically updated every 6 months. In the case of transfers, the operations carried out, the amounts and type of movement, the emission and destination account, and so on.
The regime does not affect customers or operations, but in case Arca finds inconsistencies may Start inspections To determine the origin of the funds. The agency indicated that as of January 1, virtual wallets and banks must report when taxpayers exceed the following established limits:
$ 600,000
- Total consumption with debit cards.
- Total income or expenses in virtual wallets
$ 1,000,000
- Bank accreditations recorded in a month.
- Fixed term deposits constituted in a month.
- Cash extractions in the country or abroad.
- Final balances in bank accounts and virtual wallets on the last business day of the month.
$ 2,000,000
- Exclusive for virtual wallets in bank or virtual transfers that exceed this amount.
What is the documentation you can ask me
In case of exceeding the established limits, Arca may request some documentation that supports the legality of financial movements. This is included:
- Income or retirement assets.
- Sworn tax declarations.
- Salary receipts.
- Invoices for services or sales of recent months.
The lack of these documents could generate inconveniences with the control agency, which could lead to temporary accounts or blockages.
Source: Ambito
