After its approval in Congress, the Revenue and Customs Control Agency (ARCA) regulated the Tax Innocence Regime, the Government's initiative to encourage the formalization of savings and to get dollars out from under the mattress. The measure is complemented by the entry into force of the Simplified Sworn Statement Regime for Income Tax, which aims to reduce bureaucracy and restore predictability for taxpayers.
The Executive Branch emphasizes that the reform leaves behind "a persecutory regime" that for decades pushed millions of Argentines into informality, as a consequence of currency controls, chronic inflation, and a suffocating tax system. In line with President Javier Milei's liberal philosophy, the central objective is to rebuild trust between the State and those who produce and save.
The economic diagnosis behind the measure
The Minister of Economy, Luis Caputo, was blunt in explaining the magnitude of the problem: according to Central Bank data, Argentines keep around USD 170,000 million outside the system, while private deposits are around USD 67,000 million. For the Government, channeling even a part of those funds into the financial system would make it possible to accelerate economic recovery and strengthen macroeconomic stability.
Main changes in the Tax Innocence Regime
Among the central points of the regulation, the following stand out:
- The threshold for simple tax evasion is raised to $100 million
- The threshold for aggravated tax evasion is raised to $1,000 million
- The statute of limitations for the crime is reduced from 5 to 3 years
- Tax evasion ceases to be a criminal offense: voluntary regularization is prioritized
Those who join the Simplified Income Regime during the coming months will be exempt from any criminal investigation as of 2029, provided that they comply with the established conditions.
Who can join the regime
To enter the regime, taxpayers must meet the following requirements:
