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Because Wise is cheaper. Note: in the meantime I have found out that Wise doesn't offer their services yet to Argentina. They mention they are working on it. :-(

Hi! Likely in Nov we will buy a house in Capital Federal. The money will come from a EUR bank account. The owner of the house has a USD account at BBVA Argentina and has contacted the bank to check on possibilities and requirements to receive dollars without pesification. From my side I have...

Steve - did you deliberately mention 'pension funds' (assets) instead of 'pension income'?

Nikad. I am also one of those who really liked the quality of your posts here. One question relating your emigration from Argentina: why the US? Did you ever consider Europe?

The basic rule: when you are a tax resident in Argentina, Argentina taxes wordwide income, which will in general include pension income. Until now I have not seen any Argentine law that explicitly states that a foreign pension is not seen as taxable income, On a personal level, it is necessary...

I see a president that is only focusing on a very limited, ideology driven agenda. He has no interest in any negative side-effects of his policies whatsoever. For example: https://www.ambito.com/economia/empresario-pyme-advierte-si-seguimos-asi-vamos-al-cierre-n6003139.

Negative economic growth (-8,4% YOY). Job loss: > 100.000 (up to March). Increase of poverty levels (55% of Argentines, Q1 2024). Name me anything positive so far. Where's that quick recovery Milei was promising? The truth is that it's nowhere in sight. The economy is spiralling down. And Milei...

I beg your pardon? Milei well qualified?? You can't measure the success of economic policy by only looking at inflation numbers. Milei is not the head of the ECB, he's heading a government for God's sake! And that inflation is going down (after sky high inflation numbers because of Milei in...

With respect to the rise of the cost of living for people with foreign income, last month I made a quick and rough comparison between april 2023 and april 2024. Note: from the perspective of someone who has an income in Euros, not in USD. For prices in pesos I used the official inflation rate...

Are investment gains fully taxable?

Agree. The dolar blue / euro blue rates don't reflect the 'real' value against the peso. USD and EUR have been artificially strong because of the restrictions. I wouldn't be surprised if life for people that currently rely on Western Union transactions or so will get 40 - 50% more expensive in...

I get it. Apologies, it was mentioned before but I interpreted it wrong. Does this also mean that if I (1) Open a USD bank account here on my and my wife names (2) Transfer USD from a bank account abroad with the same naming to this Argentine bank account and (3) Transfer the dollars from my...

I don't get it. If I transfer USD from legal bank account X on my (buyer's) name from outside Argentina to legal bank account Y on seller's name in Argentina: that's the most usual bank transaction I can imagine. And to me seems to be equivalent to taking the dollars in a suitcase, declared...

I am going to buy a house here from somebody I trust 200%. He has a dollar account in Argentina, I believe at BBVA. Seems that the easiest way would be to just transfer the official price in dollars net to his account, and that's it. I do realise that this is unusual, since normally the to be...

Yes. State pension will be taxed in Holland I believe, employer's pension in Argentina. But I will read it again, it's been a while. Thanks for pointing at this Alby!

I have also noticed that I will need to pay income tax on my world wide income after immigrating here, including my foreign pensions. @toast: yes, since incomes here are so low, I will have to pay 35% over the most of my pension here, which is about 10 procent point higher than what I will have...

Thanks for the extensive replies so far! I must have overlooked the other thread, apologies. Maybe I should have added that - because of the fact that my wife has an Argentine passport - I guess I won't need to use the pensionado visa possibility to be able to immigrate here. But I got the...

Hi - I am 62 years old and will decide in the next half year or so between either (1) emigrating to Argentina, stop working and let my retirement pension start early, or (2) 'hopping' between the EEC country I currently live and Buenos Aires, and then staying a tax resident in my home country...

So we could end up with a comparison of current US society to current European (EEC) societies to current Argentina. At least the discussion started with the somewhat smaller comparison between LA and BA. My perspective is that of the European citizen. A few remarks: 1) Some already said that...

Since the start of the pandemic my wife went 3 times to Argentina, from Europe. The first time it was all quite new. The second time, June 2021, the flight TO Argentina was changed 5 times. Still she 'lost' less than a week. The last time, this month, all went smoothly. At this moment there are...