After the approval of the Tax Innocence Act Last Friday, Minister Luis Caputo demanded this from the banks Accept the dollars under the savers’ mattress without the need for cumbersome procedures.
“If your banks ask you to do additional things (like breaking the P…), don’t waste your time. You can go to the Banco Nación, where its president gives the instruction to strictly adhere to the law, that is, the person only has to prove that he has complied with the simplified earnings regime,” he explained this Monday.
And on your social network account Xin detail: “They deposit their dollars in the bank and can have it immediatelyto make the consumption they want or to save by earning interest, like anywhere else in the world.”
In this way, the head of the economic department doubled the bet on what was passed in the Senate on Friday when it became law the project called “Tax Innocence”A Rule that changes the punitive tax system with the aim enable the laundering of currencies held outside the traditional financial system and relaxes the minimum amounts for the crime of tax evasion.
The initiative was approved by 43 yes votes and 26 no votes after a debate in which strong questions were raised about the text promoted by the executive because it favors the laundering of assets obtained through illegal activities such as drug trafficking.
The text approved by the Senate amends Law 24,769 on the penal tax system and increases from $1,500,000 to $100,000,000 the amount to characterize the crime of simple evasion and from 15,000,000 to 1,000 million US dollars for aggravated evasion.
With the same criteria, The numbers for other crimes are increasing. This creates the basis for the criminal offense of invoice falsification $100,000,000. For those subject to withholding tax: the number will increase from $100,000 to $10,000,000 and extends to 30 day term to deposit the withheld funds.
In the same spirit, from the promulgation of the law, the Customs Collection and Control Agency (ARCA) can only pursue taxpayers who avail tax benefits. $200,000,000 or more owed. The national tax authority will do the same from now on three years to take legal action for evasion. The reduction is almost 50% of the time, considering that these crimes now only have a five-year statute of limitations.
The new law also opens the possibility of being exempted from criminal acts after paying and signing an affidavit proposed by ARCA under Article 39.liberating effect of the payment“.
In the cases of Criminal files are being processedThe action may be extinguished if the taxpayer “completely and unconditionally” renounces the evaded obligations, his interests, etc additional 50% of the total amount.
The new regulation finally allows significant consumption without investigating the origin of the funds from which the purchase comes. Also The obligation of real estate agencies, banks, merchants and credit cards to report the transactions carried out by their customers is no longer required. and the amounts at which financial institutions, virtual wallets and companies must report movements to the tax collection authority are increased.
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