just got this email from santander rio bank....the smvm now is 202.800 so does this mean that we can only receive aprox 900 .000 pesos per month in transfers via western union? i am a retiree from usa using my ssi
I just got the same message from Santander. Anyone know how to register with AFIP? Can it even be done? And if so is that a bad idea?
Obligatory Not a Lawyer/Accountant
The UIF (Financial Intelligence Unit)'s job is to basically catch people money laundering, financing terrorism, or, as is most frequently the case, catch people not paying taxes. It appears that your transactions v.s. your income data reported to AFIP have likely triggered Santander's KYC audit (or the UIF has ordered an audit of you, though I doubt that based on the fact that you can still do movements up to 4 SMVMs). You both have to basically convince Santander that your money is kosher, i.e. you have income that is taxable, and you're paying tax on it, or you have income that is not taxable, and here is proof of where it comes from/why it's not taxable.
In the case of
@studiodio, your's will hopefully be easy: you likely only need to make a DDJJ attesting to the source of your income being your monthly SSI check. I would make a turno with your account executive and see go in and ask what exactly they need. My guess is going to be a DDJJ certified by a licensed accountant (or they may have a form already for retired foreigners, I'm not sure) and your SSI statements. Your income is non-taxable, so you should be okay, but do you have
ANY other sources of income? Working on the side, selling dollars on Florida street then depositing them in an ATM, etc.? If not, things should be straight forward for you.
@wjacobs based on your question, I assume it's not as straight forward as SSI checks. If you've been working en negro, and have not been paying any taxes, well, this is what I have warned people about here, and you need an accountant yesterday. If it's SSI like studiodio, you can follow the same process.
Anyways, independent of the above two scenarios, let this be a reminder to anyone coming here that thinks they can just work remotely for a foreign company, not pay any taxes here, and use the banking system like normal (this includes getting invoices issues in your CUIT, depositing cash, paying for expensive items via debit, doing arbitrage with dollars and WU, etc.). If you're not getting pension income, and it's not savings you have from worked abroad that you already paid taxes (that are under the limit for taxes on bienes personales, last I checked it was tens of thousands of dollars) you have to at least pay
something to AFIP. This is how kids get caught all the time, working en negro, getting paid via AirTM, and then wondering why the UIF is messaging them. Don't get greedy, even at the highest monotributo it's like $50/month you'll pay. Not worth being blacklisted by financial institutions, but that's just me.
