Historically, the term of saving dollars under the mattress was used as a reference to the old woman who was only possible to save in cash (to cover inflation and be out of the reach of banks).
But through the communication that the Government released on Thursday 05/22/2025, reference is made to the unstalled silver. And there we ask ourselves, why all governments regardless of political dye when they assume they take out a money laundering? This government already did it before, and now it intends to use the money that taxpayers did not declare previously so that they can buy goods, make consumption, make trips etc. Without being under the ark radar.
But to all this we ask ourselves, why is there money without declaring?
In Argentina it is estimated that historically 50 % of economic activity is informal. The most significant taxes for entrepreneurship are VAT, profits, gross income, employer contributions etc. representing a large percentage of the entrepreneur’s gain.
This is the main reason for an informal historical reality. On the one hand the tax laws tell us that we must declare all sales made, on the other comes a government on duty and whiten everything they did not declare previously contradicting the regulations.
Today with artificial intelligence and all electronic payment media that occupy more and more space in people, it is easier to obtain information and establish controls. Why don’t they make a true tax reform at a tax cost, what can be faced?
For now what we have today is the general resolution 5704/2025 that to human persons and undivided successions give them the option of opting for the simplified modality of the income tax, where only the gain obtained is declared without justifying the patrimonial variation.
But be careful, this does not mean that the collecting agency cannot verify the inconsistencies presented in the future and determine debt with fine and interest, because as long as art. 18 of Law 11.683 Any unjustified patrimonial increase is a sale omitted for VAT or a gain plus 10%, for the income tax.
Therefore we recommend that they be cautious at the time of decision -making and wait for a bill to Congress to be sent.
Ignacio Bárcena
IB accounting study
Tel: 11-58885350
IG: Ib_estudio_contable
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