22/07/2026 03:04 - Economia
With the objective of integrating savings that remain outside the financial system into the formal economy, the Minister of Economy, Luis Caputo, will present the new version of the Fiscal Innocence project on July 22, 2026. The initiative, which will be sent to the Chamber of Deputies (the lower house of the Argentine Congress), promises to facilitate the regularization of funds and dynamize the domestic market.
According to official estimates from the Ministry of Economy and the Central Bank of the Argentine Republic (BCRA), there are approximately USD 170 billion in the country that are not banked. The new Fiscal Innocency law will seek to incorporate these funds into the formal circuit, allowing banks and ALyCs (Settlement and Clearing Agents, which are authorized financial intermediaries) to allocate them to finance infrastructure projects, SMEs, and productive ventures, as Caputo himself highlighted in previous press conferences.
After listening to suggestions from accountants and tax experts, the Executive Branch will introduce substantial modifications to provide greater legal certainty and expand the universe of taxpayers who will be able to adhere to the Simplified Income Tax Regime (RSG) administered by ARCA (the Federal Administration of Public Revenue):
The limits on income and assets that the previous version set at $1 billion and $10 billion (Argentine pesos), respectively, will be eliminated. This will allow a broader universe of individuals and legal entities to be included.
A minimum threshold of 5% of the objective amount of simple tax evasion will be established to consider a 'significant discrepancy', which will provide greater clarity on the tax effects of the whitewashing process.
In light of the debate generated after public officials adhered to the regime, tax experts like Sebastián Domínguez propose the reasonable exclusion of PEPs from certain benefits, such as the presumption of accuracy and the liberating effect of the payment.
Taxpayers will be able to rectify their tax returns to correct inconsistencies without being excluded from the regime, as long as they regularize their situation, thus granting more predictability to the system.
The announcement of this new version arrives in a context of adjustments to tax deadlines. While the payment date for the Income Tax was maintained for July 27, 2026, the Government resolved to extend until August 27, 2026 the deadline to submit the tax returns corresponding to the 2025 fiscal period. Additionally, the first advance payment was rescheduled for September.
The Executive Branch hopes that the Chamber of Deputies approves this improved version before August 27, allowing taxpayers to access the benefits of this new regularization opportunity in a timely manner.
Alfredo S. Quiroga
