Dollars from the mattress: Can they charge you Ingresos Brutos if you deposit them under the Fiscal Innocence Law?
The Law 27.826 of Fiscal Innocence II, in effect since October, aims to encourage the declaration of undeclared dollars in Argentina, yet its implementation has uncertainties. Provinces, which can choose to join this law, have not yet formalized their participation, potentially leading to issues with withholding of Gross Income taxes on bank deposits. Furthermore, a deadline until 2027 is established for regularization operations, although concerns remain over how tax authorities will interpret these deposits.
By El Cronista
