Through different publications in the Official Gazette, the Executive formalized the flexibility of the provision of tax information and advanced in the implementation of the new income tax regime.
The Government officially made the flexibility for the delivery of tax information and advanced in the implementation of the new Profit tax regime. The measures will begin to govern from June 1.
He Decree 353/2025 published in the Official Gazette It addresses a set of measures oriented to the “simplification and deregulation” of the tax and administrative system, in order to promote “economic recovery, promote the formalization of the economy and facilitate investment.”
As the official text mentions, these actions are part of A comprehensive plan that seeks to simplify the tax system and reduce the “bureaucracy that affects both citizens and companies.” The Government considers that one of the main problems facing Argentina is the high tax concentration and ensures that “a small group of large taxpayers provides most of the collection, while the high fiscal burden on the formal sector generated a significant increase in the informal economy. This generates inequality, limits access to labor and social rights, and hinders the economic development of the country.”
In response, the government promotes a process of Tax and administrative simplification to reduce fiscal pressure and bureaucratic coststhus promoting the formalization of economic activities and facilitating investment. For this, the Customs Collection and Control Agency was created, which replaced the former Federal Public Revenue Administration, with the aim of modernizing and optimizing tax management.
Among the concrete measures is the gradual implementation of a simplified and optional modality for the declaration of the Profit Tax For natural persons and successions, based on information already available in the Tax Administration. This will reduce the administrative burden for taxpayers and optimize the agency’s control.
In addition, an open finance system is established that will allow, with express consent, share financial information between citizens and entities of the financial system, facilitating access to credit and promoting financial inclusion. This system will be regulated by the Central Bank of the Argentine Republic.
In particular, the decree indicates that:
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The Argentine tax system is highly concentrated and overloads mainly to a small group of large taxpayers, which generates high levels of economic informality.
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This high fiscal burden has caused structural distortions that affect economic equity and limit development.
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To reverse this situation, it is proposed simplify the tax system and reduce administrative bureaucracyfacilitating formalization and improving the efficiency of the State.
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It is created a program to simplify the presentation of the Income Tax For resident natural persons, based on information already available at the collection agency.
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The creation of a Open Finance System For people and companies to voluntarily share financial information, with the aim of improving access to credit, competence and financial inclusion, under the supervision of the Central Bank.
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The Customs Collection and Control Agency (ARCA) is entrusted to the gradual implementation of these measures and the simplification of regulations related to the control and presentation of taxes.
Government measures to encourage the use of “mattress dollars”
The person in charge of giving the details was the head of the Ark, Juan Alberto Pazo. He announced that the information regimes will be repealed by which businesses must inform all the operations they carry out. Nor will the sales of used cars, the expenses less than $ 32,000, among other operations, will be reached. Notaries and real estate agents should not provide information to the collection agency.
In additionthe amount was raised from which the ark will control transfers, which will be up to $ 50 million, and the cash withdrawal will be up to $ 10 million. Natural persons may agree on fixed term deposits up to $ 100 million and the legal ones up to $ 30 million without verification of the entity. While banks will be forbidden to demand a sworn statement from their clients.
Source: Ambito
