After the modification of the maximum amounts allowed not to be declared, users must pay attention to the final monthly balances, income, expenses and transfers.
Follow the instructions to confirm the transaction and wait for the funds to be credited to your virtual wallet.
The advancement of technology was introduced in the way of buying, selling and even saving. In order to maintain control over the entities banking and virtual wallets, the AFIP It is constantly updated on the regulations and minimum amounts that must be reported monthly.
All virtual wallets and apps must inform the Government of every movement made on their platforms with the aim of protecting the financial system and ensuring that taxpayers comply with their obligations. Fiscal obligations. After the modification of the maximum amounts allowed not to be declared, users must be attentive to the final balances monthly, income, expenses and transfers.
The limits for operations with virtual wallets such as Mercado Pago have been updated for June by the Federal Public Revenue Administration (AFIP). According to the new regulations, monthly final balances less than $700,000 will not be reported by the other virtual wallets to the AFIP in the following month. Likewise, users will be able to manage monthly income and expenses that do not exceed $400,000 in their accounts without notification to the AFIP.
These limits apply both to transactions within Mercado Pago and to movements between different virtual wallets and banks.
The platform is required to comply with these regulations to guarantee tax transparency. All virtual wallets must follow the regulations established by the AFIP. It is essential that users know these limits to avoid problems with tax authorities and manage their funds appropriately.
DIGITAL PAYMENTS.jpg
How to put your money in a virtual wallet
- Create an account– Register in the virtual wallet of your choice by providing your personal details.
- check– Completes required verification processes, which may include identifying and linking a bank account or card.
- Deposit of funds– Select the option to add money. This can be done via bank transfer, direct deposit, debit/credit cards, or in some cases, by depositing cash at associated service points.
- Confirmation– Follow the instructions to confirm the transaction and wait for the funds to be credited to your virtual wallet.
Source: Ambito
I am a 24-year-old writer and journalist who has been working in the news industry for the past two years. I write primarily about market news, so if you’re looking for insights into what’s going on in the stock market or economic indicators, you’ve come to the right place. I also dabble in writing articles on lifestyle trends and pop culture news.
