Official ARCA extension: the new deadline for the Income Tax and Personal Assets Tax

The Revenue and Customs Control Agency (ARCA) has extended the deadline for the submission of tax returns for the Income Tax and Personal Property Tax corresponding to the 2025 fiscal year. The new deadline for submitting and paying the taxes, both for the general regime and for the Simplified Income Regime, will be July 27.

The measure was formalized this Friday through resolution 5851, published in the Official Bulletin. The decision was anticipated this Thursday by the Minister of Economy, Luis Caputo, after meeting with a group of tax experts who raised concerns about meeting that schedule, as well as various aspects of the law to encourage the use of "mattress dollars." In the considerations of ARCA's resolution, it was indicated that the additional time is granted to facilitate compliance with tax obligations for taxpayers and responsible parties.

Finally, the Government extended it until the end of that month. In this context, the Government had announced 80,000 registrations in the Simplified Income Regime, far from the potential universe of one million for the system, one of the instruments the Government promotes to encourage the formalization of savings outside the circuit.

The main keys of the Fiscal Innocence Law In February, the Government regulated the Tax Criminal Regime and the Tax Procedure, known as "fiscal innocence," which aims to encourage the use of "mattress dollars." The new regime updated the amounts that determine tax crimes.

The threshold for simple evasion increased from $1.5 million to $100 million. For aggravated evasion, it rose from $15 million to $1 billion.