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AFIP updated amounts from which banks and wallets must report transactions

AFIP updated amounts from which banks and wallets must report transactions

The entity raised the maximum amounts from which banks and digital platforms must report customer movements.

The Federal Public Revenue Administration (AFIP)led by Florencia Misrahi, updated the amounts from which financial institutions and electronic or digital management platforms must report all transactionsbalances and consumption of the accounts they manage.

How were the new amounts for banks set by AFIP?

“This organization is dedicated to simplifying processes for the benefit of taxpayers, through the implementation of mechanisms aimed at improving their information regimes,” the statement says. And it indicates that, in pursuit of this objective, modified General Resolution 4298/2024. Thus, the new amounts are the following:

  • In the case of credits, cash withdrawals and monthly balances of all accounts, the minimum amount was raised from $200,000 to $700,000.
  • In the case of consumption with debit cards of the holder and additional ones, it rose from $120,000 to $400,000.-

The new thresholds for PSPs

Besides, The amounts provided for in General Resolution 4614/2024 were raised, which establishes the information regime for subjects who administer, manage, control or process asset movements through electronic or digital management platforms, including Payment Service Providers (PSP) that offer payment accounts. In that case, the changes are as follows:

  • In the case of total income or expenses, the amount rises from $120,000 to $400,000 and the monthly balances from $200,000 to $700,000.-
  • Likewise, for both information regimes, an update clause is provided for every six months based on the coefficient that arises from the variations in the General Level Consumer Price Index (CPI) published by INDEC.

This measure represents one more step for the National State to constitute an agile Public Administrationl, modern and transparent.

Source: Ambito

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