Overview
- The new statute lifts the threshold for tax‑evasion investigations to about US$70,000 per fiscal year, shortens limitation periods, and creates an income‑tax option that waives asset‑variation reporting.
- Money declared in the 2024 amnesty and held in CERA accounts is now withdrawable or reallocated, with total declarations reported near US$20–22 billion, though the central bank chief said the amount actually freed is smaller.
- Economy Minister Luis Caputo urged banks to accept deposits immediately and directed savers to state‑owned Banco Nación if private institutions impose extra requirements.
- Market sources expect most balances to remain in banks, and analysts suggest the new framework could draw roughly US$2 billion in fresh deposits annually, limiting market disruption.
- Opposition figures warn of money‑laundering risks and banks cite compliance obligations, while taxpayers seeking to spend these funds without ARCA queries may need to opt into the simplified Income Tax regime that can require leaving monotributo and paying VAT.