Argentina

Letzte Beiträge zum Thema Argentina

  1. Argentine voluntary disclosure program/tax amnesty running
  2. Temporary Argentine Voluntary Disclosure Program “DECLARACIÓN PATRIMONIAL” launched
  3. Voluntary Disclosures Argentina: Approval of the “Plan”

Argentine voluntary disclosure program/tax amnesty running

With the promulgation of the Law  27.260 (Ley 27.260) in the Official Gazette of Argentina a temporary voluntary disclosure program/tax amnesty has been launched.

Applications have to be submitted to the Argentine tax administration Administración Federal de Ingresos Públicos(AFIP) by March 31, 2017. The program takes on its significance against the background of the introduction of the Automatic Exchange of Information (AEOI) which has already started for 54 of the 101 participating jurisdictions. The Argentine tax administration will receive in 2017 automatically tax relevant data about financial accounts collected in 2016. Therefore, the participation in the voluntary disclosure program/tax amnesty could be the last chance for non-compliant taxable persons to come forward and to regularize the past.

As regards the details of the program please refer to our updated VDP Country Fact Sheet for Argentina.

Temporary Argentine Voluntary Disclosure Program “DECLARACIÓN PATRIMONIAL” launched

On July 22, 2016 the Law No. 27.260 was published in the Official Gazette of Argentina. One day before, the president of Argentina, Mauricio Macri, had enacted the law by presidential Decree No. 881. Applications to join the extraordinary and temporary disclosure program are possible from today by March 31, 2017. Further information will follow.

Voluntary Disclosures Argentina: Approval of the “Plan”

As a member of the Global Forum on Transparency and Exchange of Information for Tax Purposes, Argentina is participating in the Automatic Exchange of Information (AEOI), which will enter into force in 2017. To regularize unreported assets, Argentina is launching a voluntary disclosure program of unreported assets located within Argentina and abroad, called “Plan” (sistema voluntario y excepcional de declaracion de tenencia de moneda nacional, extranjera y demas bienes en el pais y en el exterior, llamado “Plan”).

The Argentine Congress approved the “Plan” on June 29, 2016. The next step is the promulgation by the Executive Branch to be legally valid.

The application period will be from the date of the promulgation until March 31, 2017. Costs of regularization, which will be paid to the tax authority, are dependent on the date of report: They will vary from 0% to 15% of the asset´s value.