The Government announced the extension of the first stage of the money laundering process, the most beneficial, moving the deadline to October 30. What you need to know.
The Government announced the extension of the first stage of money laundering running the deadline from September 30 to October 31 of the current calendar, which will be made official in the coming days through a regulatory decree.
In this context, it was determined that Those who have deposited cash in CERA accounts or do so in the next few days until September 30, They will be able to withdraw it from October 1, 2024 as originally planned. However, if they choose to retire, the consequence is that they would not be able to continue laundering cash.
The tax specialist and CEO of SDC Tax Advisors, Sebastián Domínguez, shared some practical implications that this decision generates for understand how it affects taxpayers who have laundered or those who choose to do so in the near future.
Money laundering: what will and will not be allowed with the extension of the first stage
You will be able to deposit cash and/or transfer money from abroad in cases where it can be done until 10/30/2024: that is, it is no longer necessary to rush to deposit cash in these days until the end of the month.
From 10/01/2024, the money deposited in CERA accounts can be withdrawn. Until 09/30/2024: Those who choose this alternative will not be able to continue laundering cash during October.
dollars mattress laundering
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The option for the Special Regime for Income from Personal Property (REIBP) of the laundered assets is extended to 10/30/2024 together with the advance payment of 75%: the presentation of the Affidavit and the payment of the remaining balance will be due later, according to the date on which it is determined that the presentation of the Affidavit of the first stage of the laundering expires.
No extension was announced regarding the submission of the REIBP Affidavit of the declared assets and payment of the remaining balance: consequently, this obligation continues, for now, to expire on 09/30/2024.
Source: Ambito
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