Overview
- This week government officials from the Economy Ministry and the Central Bank presented the draft to joint Diputados committees and said they plan a floor vote in mid‑August after further text changes.
- The proposal removes income, wealth and ARCA status caps so high‑net‑worth individuals can opt into the simplified regime and lets large taxpayers submit simplified declarations without receiving full simplified benefits.
- The draft sharply narrows ARCA’s audit reach by defining a 'discrepancia significativa' as a tax change of at least 15% or a nominal floor tied to the penalty threshold, limits the data ARCA may use to declared records and gives taxpayers 15 business days to rectify entries without losing protection.
- A December 31, 2027 deadline would allow people to formalize cash dollars through authorized banking and markets channels, after which ARCA would again be able to use presumptions about unexplained wealth and bank deposits as evidence.
- Opponents and professional groups warn the package could favor large evaders and demand an explicit bar on public officials joining the regime while Article 42 ter would let ongoing audits and court cases continue even if a taxpayer adheres to the simplified system.