"Your Dollars, Your Decision": The New Limit Announced by the Government for Uncontrolled Transfers of the ARCA

The government of Javier Milei announced the new maximum cap in pesos that can be made in transfers without the banks having to issue an alert to the Agency of Collection and Customs Control (ARCA).After announcing the "Plan of Historical Reparation of Savings of the Argentines" that seeks that the contributors can put on the market the dollars that they have without justification, the economic team has announced the new measures of control for …

Officialism seeks to boost the economy without issuing pesos or generating inflation and with what Milei calls “endogenous dollarization.”

On the one hand, Pazo reported new, substantially higher thresholds for banks to report on bank transfers, balances and fixed terms, as well as virtual wallet transfers.

The objective is to accelerate the pace of the activity and to overcome the crossroads presented to him by the total closure of the monetary issue. The government has launched the “Historical Reparation Plan of the Savings of the Argentines”, which with abrogation or easing of a series of controls by ARCA, more changes [...]

The plan includes an increase of the floors for control by ARCA and the elimination of a series of controls by consumption levels The post “Your Dollars, Your Decision”: the measures announced by the government appeared first on Trade and Justice.

The National Government announced a series of changes in tax reporting regimes through the Agency for Revenue and Customs Control (ARCA), in the framework of the so-called “Historical Reparation Plan for Argentine Savings”, promoted by the Minister of Economy, Luis Caputo. Among the most prominent measures, the minimum amounts are raised for bank transfers to be informed to AFIP: For individuals, only movements in excess of $50,000,000 will be r…