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Argentina Fast-Tracks Rules for ‘Fiscal Innocence’ Law to Draw Stashed Dollars Into Banks in 2026

ARCA with the UIF is drafting procedures, leaving lenders waiting for the fine print that will govern deposits and compliance.

Overview

  • The economic team is accelerating the regulation so depositors can formalize informal U.S. dollars next year to support remonetization and reserve building.
  • Luis Caputo told savers they need only show adherence to the Simplified Income Tax Regime and advised going to Banco Nación if other banks demand extra requirements.
  • Banks reported confusion and raised questions to the central bank after Banco Nación posted and then deleted a message welcoming these deposits.
  • The law creates a simplified earnings regime under which ARCA calculates tax from invoiced income and deductible expenses without routine scrutiny of spending or assets.
  • Eligibility requires annual income under ARS 1,000 million, total assets below ARS 10,000 million, and not being classified as a National Large Taxpayer, and penal tax thresholds rise with a one-time option to extinguish prosecution by paying debt and interest before a formal complaint.