The collecting agency adjusted the amounts based on inflation. The new limits apply from January 1, 2025.
The Customs Collection and Control Agency (ARCA) increased the amounts from which financial institutions and virtual wallets must report on transactions, balances and consumption of their clients.
This adjustment arises from the automatic semiannual update based on variations in the Consumer Price Index (CPI) prepared by the National Institute of Statistics and Censuses (INDEC), in accordance with the modifications introduced by General Resolution 5512/2024. The new amounts begin to apply for operations that occurred on or after 1/1/2025.
Since when do the new amounts apply?
From January 1, 2025.
How does it affect consumers?
In nothing. Simply, it is an information regime that financial entities, virtual wallets and platforms must comply with.
What are the new amounts as of January and what should be reported?
The following operations must be reported only if they exceed the following amounts:
$600,000:
- Total consumption with debit cards in the country.
- Total income or expenses in virtual wallets.
$1,000,000:
- Total bank credits registered in the month.
- Total time deposits constituted in the month.
- Cash withdrawals in the country or abroad, over the counter, ATM or any other means.
- Final balance in bank accounts as of the last business day of each month.
- Final balance in virtual wallets as of the last business day of each month.
$2,000,000:
- Applicable only for virtual wallets, in case of bank or virtual transfers greater than said amount.
Source: Ambito
David William is a talented author who has made a name for himself in the world of writing. He is a professional author who writes on a wide range of topics, from general interest to opinion news. David is currently working as a writer at 24 hours worlds where he brings his unique perspective and in-depth research to his articles, making them both informative and engaging.
