An analysis of the ads of Minister Luis Caputo last Thursday over the “dollars in the mattress”. In detail, what was said and the scope of the changes presented by the government
Finally, on Thursday, May 22 at 11 am, in the press conference room of the Government House, a new laundering that is not money laundering was going to be communicated. All this after the previous Thursday, during the morning, was received at the headquarters of the Cabinet of Ministers that in case of implementing the country would go to integrate the “Black List” (blacklist) of Gafi together with countries such as Paraguay, Seychelles, Man’s Island and others under the denomination of “countries of low or no taxation”, a qualification that was allowed again in our country from the implementation of Law 27,430 on 02/01/2018.
As a result of that communication, anything was spoken since last May 5 by the National Government to support his candidate for the Legislature of the City of Buenos Aires and that in his own words “… they were going to be able to get the dollars from the mattress that they bought during the oppression of the communists of the previous governments”. Being the only thing they could say on Thursday is that they were modified, incoherently with anyone who has tax knowledge, the lower limits in the information regimes that ark has them taking them mostly to the $ 50 million per month for natural persons and the $ 30 million per month for companies. First point of tax incongruity seems to be unaware that a company can handle many more funds than a natural person, being minimally inverse the amounts.
Then they announced as innovation the simplified regime of declaration of income tax, when the aforementioned regime has already existed for about 20 years. They only modified that those who want to use their money must opt for this regime regardless of the origin and destination of the same to present the 2025 affidavit that will be for this online application which will directly establish the amount to be entered without allowing modifications.
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At present, even, a public accountant must be carried out because it allows to incorporate amounts to be deducted, which must be made with the denomination established in the Law of Profit and in turn to finish approveing the data to make it as appropriate.
With these modifications, a closed package will be provided without the possibility of modifications and through which the amounts to be paid in the tax will be minimally of 20 or 25% to whether a registration accountant prepared it since in case of being observed, it can be resolved in the Arca-DGI agency as a result of a set of opinions and/or possibility of explaining them generating new cases of jurisprudence in the subject. To access the use of funds not declared in a timely manner, you must initially opt for this simplified regime since 06/01/2025.
Regarding the issue of sanctions and fines provided by The law for the use of unplanned funds should be expected whether or if the PEN remites the bill of a new laundering or “fiscal plug”which would not be before 12/11/2025 and as early would be approved for February 1, 2026. Why not before? The answer is simple.
The previous laundering established by Law 27,743 closed its last stage on Monday, May 12, 2025 and although no government is denied a laundering is completely illogical that in a period of 18 months it is approved 2 whites, because we can ask ourselves the question What did they do with the more than US $ 30 million and collected from 09/01/2024 to 12/05/2025? Unless the answer is that they were tingled in the interventions to the exchange markets even to this day despite being prohibited in the last April 2025 agreement with the IMF and therefore did not achieve the goal of accumulation of reservations in the BCRA.
That is, translating what they expressed, they said nothing they talked about since 05/05/2025 we do not know whether for not knowing how U $ 600,000 or fiscal evasion aggravated by the amount plus money laundering with effective prison sentences between 6 to 19 years plus the payment of 170% of the used consequence that the IIF was not removed the requirements it has in the financial system on alerts.
It should be clarified that this is not only in cases of drug trafficking but they can also include robberies and/or kidnappings of any known or linked person with familiarity and after depositing it to bleach it. The only logical alternative would be taking advantage of the fact that during the month of June there is profits and personal goods of 2024 declare them by paying the corresponding taxes and can dispose of their property.
*The author is an economic and tax analyst
Source: Ambito
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