Argentina Dissolves Tax Agency in Major Government Overhaul

President Javier Milei announces the closure of AFIP, replacing it with a streamlined agency to cut bureaucracy and reduce fiscal pressure.

President Milei's administration has disbanded the Administración Federal de Ingresos Públicos (AFIP), Argentina's tax collection agency.
The new Agencia de Recaudación y Control Aduanero (ARCA) will take over some functions, aiming for a simpler and more efficient structure.
Over 3,000 employees from AFIP, hired under the previous administration, will be dismissed as part of the restructuring.
The changes are expected to save approximately $6.4 million annually by reducing staff and cutting senior officials' salaries.
Milei's reforms are part of a broader strategy to reduce Argentina's fiscal deficit and tackle the country's long-standing inflation issues.