Starting this Tuesday, taxpayers Those who have declared dollars in cash in special accounts within the framework of laundering will be able to withdraw the funds.
This is determined by the Decree 864/2024 which is published this Monday in the Official Gazette which establishes the extension for one month of the Asset Regularization Regime.
This is a real proof of trust for the government which at this point means that more than US$10,000 million will enter the accounts of the banks that serve to increase international reserves.
The measure allows those who launder rwithdraw the money, if they wish, and if they are not going to continue regularizing money. If they do, for them the laundering of dollars will have ended at that moment.
On the other hand, those who continue laundering during the extension period that runs from October 1 to 31 of the same month will be able to withdraw the funds deposited in September, but in that case, they will no longer be able to continue laundering.
The CEO of SDC Asesores Tributarios, Sebastián Domínguez, commented that the “extension is correct and, in fact, it should have been announced more in advance.”
“The delay in regulation and the persistence of unclear situations contribute to the fact that many taxpayers still do not decide to enter laundering, despite it being an important opportunity to regularize their tax situation at a low cost,” said Domínguez.
The teaributarista indicated that “it is important to take advantage of this extension to resolve the conflicting points that arise in the interpretation of current regulations.”
Key points
- The new period to regularize is from October 1st to October 31st. Dollars or pesos must be deposited into Special Asset Regularization Accounts (CERA) in banks or into a bank account abroad, if the money is outside the country.
- People who laundered during September will be able to withdraw funds from October 1st, but will not be able to continue laundering.
- People who have declared during September and then declare something else in October will be able to withdraw what they previously declared in September, but they will not be able to whiten again.
- If the person launders up to US$100,000, they will be able to withdraw the money without paying the 5% special tax. Those who declare more than US$100,000 must leave the money until December 31, 2025 or they may invest in some of the options authorized by the government such as state bonds, certain common investment funds and works under construction.
How were the new laundering deadlines?
In the first stage, the special tax is 5% when the amount exceeds US$100,000. In the second it is 10% and in the third it is 15%. As published in the Official Gazette, the new deadlines are as follows:
Source: Ambito
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