Overview
- The chief of staff says the measure reverses a paradigm of more than a century in Argentina.
- The law raises criminal tax-evasion thresholds to 100 million pesos for simple cases and 1,000 million for aggravated cases.
- A new simplified Income Tax regime lets taxpayers pay based on invoicing and normalize assets regardless of patrimonial changes.
- The criminal prescription period falls from five to three years, and notified taxpayers can settle debts to avoid a criminal case.
- Officials argue the reform will channel savings into investment and capital markets, while a policy group welcomes less litigation but warns that clear regulations will be crucial.