Under the Radar

[FrankPintor]

What are your fears about Afip. Have you checked the latest updates on limits after you have to declare source of funds, etc? You need to talk to an accountant but if its your primary residency and don't own other properties in Arg you get certain benefits. Where you buy and how much it is worth are key factors. Usually 200k you will not have to explaon, but if more and you paid taxes back home there is nothing to worry about. Are you a perm resident?

Yes, my accountant also mentioned a 200k figure as being of little interest to AFIP.

 

[mageesa]

If you can play a waiting game, possibly there might be another tax amnesty, as the government tries to coax the savings of Argentinians out from under the mattress, from their offshore stashes, or wherever. The recent reduction in agriculture export taxes would seem to hint that they're desperate for cash again.

Repatriation of savings sounds good too. In fact, you should be able to repatriate a container-load of things, I believe, depending on how long you (well, your wife) has been here.

Slightly off topic but doesn't the government have some bills coming due in January? Loans and bonds or something? I was under the impression Bessent would just bail them out until the tab reaches $20B.

 

[FrankPintor]

Slightly off topic but doesn't the government have some bills coming due in January? Loans and bonds or something? I was under the impression Bessent would just bail them out until the tab reaches $20B.

Does Bessent look silly to you? Yes, loans are coming due. our experts in indebting Argentina are out there looking for a $7B loan from commercial banks, and we just had the reduction in export taxes for the same reason. Which is why I speculated with another tax amnesty.

Given the way Argentina lashed into the $20B swap (10% of it gone in 2 weeks), I really don't think Bessent will be letting them have too much more of it.

 

[FrankPintor]

If you can play a waiting game, possibly there might be another tax amnesty, as the government tries to coax the savings of Argentinians out from under the mattress, from their offshore stashes, or wherever. The recent reduction in agriculture export taxes would seem to hint that they're desperate for cash again.

Repatriation of savings sounds good too. In fact, you should be able to repatriate a container-load of things, I believe, depending on how long you (well, your wife) has been here.

@Gringo80, as I mentioned:

Milei eyes 'mattress dollars' as 'fiscal innocence' bill wins approval

President Javier Milei wins Senate approval for bill encouraging savers to bring savings into formal economy; New changes will facilitate the whitening of funds and raises thresholds for prosecution for tax evaders.

www.batimes.com.ar

Another amnesty coming.

 

[Silvie]

Another amnesty coming.

Not really an amnesty. The way I see it, they will change the law to make people presumed innocent until proven otherwise. The way the law is right now, is that everybody is suspected guilty of some evasion until they show proof that they are not

 

[carride]

The regime only applies to residents with income exclusively of Argentine origin.

‘Fiscal innocence’: how Milei’s no-questions-asked law encouraging savers to use their stashed dollars works - Buenos Aires Herald

A new law raises the threshold of how much money Argentines can spend without reporting it to tax authorities and encourages people to use the dollars stuffed ‘under their mattress’

buenosairesherald.com