Overview

• Economy Minister Luis Caputo urged customers to refuse banks’ tax documentation requests and signaled regulatory action if non-compliance continues.
• ARCA’s Resolution General 5696/2025 and Decree 353/25 bar banks from requesting national tax returns as a condition for services.
• Clients report that banks are circumventing the rules by using voluntary submission forms to collect tax declarations.
• The national tax authority and UIF raised the thresholds for data requests, but financial institutions have not adjusted their practices.
• Efforts to solidify fiscal secrecy protections through a Fiscal Innocence Law are stalled in Congress, leaving enforcement gaps.