The automatic exchange of information agreement with the United States will take effect on January 1, 2023, after Argentina has completed all the required steps. The information is to be received in September 2024, as set out in IGA 1, a model intergovernmental agreement to implement the FATCA rules. For this reason, the Government will proceed with the demands of the members of Argentina, having an undeclared suspect account.
“The information came only in September, but we will ask for an earlier date,” said a senior source from the finance team. They will be what he calls “group information requests”. Despite the fact that the IGA 1 enters into force in January, and the data is blocked in September of the following year, AFIP can do it. Within the framework of the exchange of information signed in 2016 with the United States of America, and which came into force in 2017.
The difference is that this agreement was a “case in case” since it was recently made automatic by the Minister of Economy, Sergio Massa. Currently, because of the exchange case, Argentina has had access to data from 68 citizens, according to Economía. With requests for group information that will take place in 2023, Economía hopes to reach thousands of Argentines.
When asked how the group works with these requests, the tax official Sebastián Domínguez explained to Ámbito: “To do this, they have to have certain information that people in the United States have an undisclosed account, they cannot go fishing in the current, because otherwise the United States. The State will not respond. But the group could contribute if they carried out inspections and had information, such as a signature or a complaint from someone else, and there they asked for a petition, but not in the abstract because of a simple suspicion.
Meanwhile, the automatic exchange of contract information has already been uploaded to the US Treasury website. Although it is not signed, it is valid and will come into force on January 1, after Argentina has processed all the required standards in terms of security, and with the establishment of a very precise figure that resembles a machine. banks to send tax information. The part that is left for the US government to inform Congress of that country is a simple procedure, according to what these newspapers could find.
But also, IGA 1 established that there could be variations in what was signed, something that could benefit Argentina in the investigation of data evasion. “This annex may be modified by mutual written decision between the competent authorities of Argentina and the United States, to include additions of facts and reasons,” confirms the signed model, in annex II.
The idea of moving forward with a group of requests for information is also to encourage money laundering, if only the agreement is proposed, the information will arrive only in September of 2024. But in addition to the incentives for escapees, the Government has another concern. : Congress does not pass the law. These initiatives are the only mechanism to move forward, but the paralysis of Power Laws and the lack of agreements are observed with great concern. “The difference with other washes is that they have an established horizon,” said a senior official source.
The idea of Mass is to discuss foreign law in extraordinary sessions. “The possibility of these citizens voluntarily informing the Argentine state of their situation before the time of delivery of the information has been established, with a system of lesser penalties than in the event that they do not indicate the law is provided for,” he said. interview with Radio 10. “Somewhere I read that the government needs a law. No, those who need the possibility of having an external mechanism are those who have an irregular situation before the AFIP so that they do not have a situation to litigate before the Argentine treasury”, he added.
But also, by 2023 the Government is setting its sights on another event: the National Court Tax. Official sources say that when an evader is sought and a precautionary measure is placed on him, the prosecution of cases through appeals by the evaders more than $ 100,000 million in tax suits, money in pesos that melts over time. That figure, which five years ago was equivalent to a dispute for US$5000 million, today is equivalent to US$600 million, due to the devaluation of the currency exchange.
