US Edition“Tax Innocence”: the Senate Passed the Law Amending the Tax Penal Regime
20 Articles
20 Articles
"It's a historic fact," celebrated Argentine President Javier Milei after getting his budgets approved after governing two years with which he had left his...
After the exhausting budget debate of 2026, the Senate also succeeded in passing and making law the “Tax Innocence” bill, which modifies the Tax Penal Regime with the aim of allowing the laundering of foreign exchange held outside the traditional financial system and relaxes the minimum amounts of the crime of tax evasion. The initiative was sanctioned by 43 votes in favour and 26 against after a debate in which strong questions were heard about…
In a key session following the passage of Budget 2026, the upper house moved forward with an initiative that modified central aspects of the Argentine tax system. The debate took place in a context of seeking fiscal predictability and revising rules that had been outmoded by years of high inflation.What the Fiscal Innocence Act establishes The Senate passed the law of fiscal innocence, a rule that introduces changes in the Tax Penal Regime with …
The vote on the Fiscal Innocence Act turned out to be another convenient approval by the ruling party. For the umpteenth time, the bill sought the laundering of ‘dollars from the mattress’, and meant for the government a new victory (43 votes in favour and 26 against). The changes in Gains that set the standard. The second issue that the Senate had on its agenda on Friday, December 26 was the so-called Fiscal Innocence Act, a project of the exec…
The Senate sanctioned the Fiscal Innocence Act by 43 votes in favour and 26 against. The rule raises the floor of simple evasion to 100 million pesos and restricts ARCA's property controls over taxpayers. The vote was supported by La Libertad Avanza, PRO, UCR and provincial blocs. Peronism rejected the entire text. The law modifies the Tax Penal Regime, the Tax Procedures Act and creates a Simplified Profit Regime. The new scheme establishes a c…
It has the size of Uruguay and has just received its first recognition as a “sovereign State” after 34 years Argentina approved the Public Budget Law for 2026 in a context of primary fiscal surplus of 1.5% of GDP. According to President Javier Milei, it is a historical fact, which also coincides with the creation of a Fiscal Innocence Law.The budget contemplates a major slowdown in inflation to 10.1% per year, away from 117.8% of 2024 and below …
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