According to estimates made by banks Since the new whitewashing was launched, around 1,000 have been opened. 100,000 Special Asset Regularization Accounts (CERA)which leads to think that the final number of money in laundered cash will exceed US$4 billion.
Industry sources told Ámbito that a few days before the closing of the first stage of the plan for the externalization of capital on September 30, There is still a lot of activity in the agencies and branches.
Therefore, they indicated that They do not rule out that the Minister of Economy, Luis Caputo, decides to extend it for a few days plus the closing of the first phase, beyond the fact that until now all officials, especially those from the Federal Public Revenue Administration (AFIP) have said no.
And it is that The Government is now more interested in people taking out the dollars they have hidden “under the mattress”, in order to increase the Central Bank’s reserves through deposits. This is a fundamental need.
For this reason the unwillingness to consider extending deadlinesOne of the reasons given is that the law that created the money laundering explicitly sets the dates of the process. However, Tax experts understand that the same law allows the Executive Branch to extend the deadlines as long as the 90 days between stages are maintained.
What are the stages of bleaching?
It must be remembered that the First phase of whitewashing ends on September 30 and aims to get dollars in cash. The second is on December 31 and the last on March 31, 2025.
For those who externalize cash An exempt minimum of US$100,000 applies. This means that those who launder less than this amount do not pay tax and those who launder more pay 5% of the total.
In the case of the bank accounts or registrable assets the threshold functions as a non-taxable minimum so that tax is paid on the amount exceeding that amount. It should be noted that the tax is paid at the official exchange rate, regardless of the price at which the taxpayer acquired his dollars. That is, if he paid $1,300 in the blue market, to pay the tax the exchange rate would be about $1,000.
Financial institutions say that the final result of the process will be considered successful. It should be remembered that, based on estimates made by the Treasury at the beginning of this year, taking into account what they expected to collect from the Special Tax, the figure for money laundering was around US$40 billion declared.
Alejandra Sarni, Tax & Legal Partner at BDO in Argentina He said days ago at an event in Córdoba that the expectation This year’s tax collection is estimated at between “$30 and $40 billion.”
Sarni is part of the group of those who They believe that there could be an extension of the money laundering, But just like the directors of financial institutions, he assumes that if there are changes, they will be announced at the deadline. “If they extend it, it will be almost at the edge of the expiration, because announcing it before could slow down deposits,” he said.
Source: Ambito
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