Javier Bolzico President of ADEBA He said: “Banks are essential players in the Asset Regularization Regime promoted by the Government. They give them the instruments (CERA bank accounts) and advising clients to enable them to regularize their tax situation in this new stage of the country’s economic life”.
He also stressed that “Congress and the EP have placed their trust in the banking system as main protagonist in the articulation between the State and the private sector within the framework of the Regularization Regimewhich speaks of the reliability and strength of the sector”.
Money laundering: the Government has already regulated the Asset Regularization Regime
Following Congress’ approval, the Asset Regularization Regime (RRA) has been regulated by the Executive Branch, the AFIP and the BCRA.
Banks are a key piece in the implementation of the RRA since it is through the special bank accounts (Special Account for Asset Regularization, CERA) where funds not declared until now are enteredin the country or abroad.
The RRA provides the opportunity to declare unreported assets to the AFIP easily, at a low cost and regularize the situation. Based on what is established in the legal and regulatory framework, companies and individuals They will not have to pay taxes nor sanctions for the periods prior to 2024. The same legislation provided, as compensation, a lowering taxes on personal assets of compliant taxpayers.
Key month for money laundering
The first deadline of the regime is until September 30with which, those who regularize will be able to do so at a cost of 5% until that date. That is, in the case of cash, when it exceeds the US$100,000and the person does not want to leave the funds in special accounts until December 31, 2025.
When it comes to property, which can include works under construction at any stage of progress, bank accounts and cryptoassets, 5% will be paid for anything exceeding US$100,000.
Source: Ambito
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