Overview

• ARCA reports 12,702 resident individuals and undivided estates enrolled by the end of September after the program opened on June 1.
• Eligibility is limited to residents with total annual income up to $1,000 million and net worth up to $10,000 million, excluding non-residents and large taxpayers.
• The design narrows ARCA review to the most recent return, while the proposed liberatory protection remains unapproved because Congress has not taken up the Principio de Inocencia Fiscal bill.
• Enrollment is concentrated in Buenos Aires Province (3,984) and CABA (2,502), with far fewer sign-ups in provinces such as La Rioja, Catamarca and Tierra del Fuego, according to end-August breakdowns.
• The initiative seeks to formalize assets and draw dollars into the financial system, targeting a base of about 1.277 million Ganancias payers and roughly five million monotributistas.