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.