ARCA, the agency that replaced the former AFIP, tightened controls on money movements in virtual wallets and bank accounts.
By May, it defined new limits that, if exceeded, can trigger tax inspections and even sanctions. The focus is on funds that are not justified.
What amounts can you transfer without triggering ARCA alerts?
Starting in May, the monthly transfer limit between virtual wallets is $2,000,000. If you exceed that amount, the agency can investigate the origin and destination of those funds.
Additionally, if you have a balance equal to or greater than $1,000,000 in a virtual wallet, ARCA may request your data if it finds inconsistencies with your income.
What movements does ARCA control?
- Monthly bank credits.
- Fixed-term deposits made in the month.
- Cash withdrawals (in the country or abroad).
- Final balances in bank accounts on the last business day of the month.
- Final balances in virtual wallets at the same cutoff.
All these data allow the agency to detect deviations or suspicious movements. If you can't justify income or expenses exceeding $600,000, ARCA can proceed with an inspection or apply sanctions.
