The bill provides for changes in several areas of the tax system. Most of them concern the regularization of tax assets.
For example, the document proposes that persons with tax or customs obligations be given the opportunity to apply for a regularization regime and the disclosure of undeclared assets. Taxpayers can apply from the effective date of the country’s Federal Tax Administration regulations. In addition, these individuals will have access to a number of tax benefits.
Even if individuals were not tax residents of Argentina on December 31, 2023, or if they were registered as taxpayers with the Federal Tax Administration, the asset regularization regime may apply to individuals, undivided assets and corporations.
There are also tax changes that provide for changes in excise taxes and the abolition of the tax on the transfer of real estate for individuals. It is envisaged, among other things, to introduce certain export duties.
The bill is currently under consideration.