Buenos Aires, Dec 15 (NA) -- La Libertad Avanza will seek this Tuesday in a plenary session of committees to issue an opinion on the Fiscal Innocence project, which the ruling coalition aims to sanction on Wednesday along with the 2026 Budget, legislative sources informed the Argentine News Agency.
The initiative will be debated this Tuesday afternoon in a joint plenary session of the Budget and Criminal Legislation committees, after the dispatch of the law on expenses and resources for 2026 is signed. Prior to that meeting, there will be an informational meeting of the Criminal Legislation Committee at 10 a.m., where details of the Fiscal Innocence project will be explained. It seeks to bring to market goods that are not declared in the formal economy, without ARCA pursuing them.
The decision to call an informational meeting in the morning and another in the afternoon was made at the constituent meeting of the Criminal Legislation Committee, where libertarian Laura Rodríguez Machado was re-elected as president. The ruling coalition will have no difficulty issuing the opinion, as with its allies it has a majority in both committees, since in Budget it has 20 of the 49 members and has provincial allies from PRO and UCR.
How the numbers stand In the Criminal Legislation Committee, LLA has 12 members, Union for the Homeland has 11, UCR has one, PRO has two, the left has one, Innovation Federal has one, and United Provinces has three, which has not yet designated its members, so the ruling coalition will have no difficulty issuing the opinion. During the constituent meeting, in addition to Rodríguez Machado, PROM deputy Martín Yeza was elected as secretary, and Union for the Homeland requested to reserve the name of the first vice president.
During the meeting, the president of Union for the Homeland, Germán Martínez, demanded that the bill that establishes the legal framework for the sustainability of public finances and the stability of the currency's value also be referred to the Criminal Legislation Committee, as it provides penalties for officials or legislators who approve laws without the respective financing.
The details On the other hand, the initiative creates a Simplified Regime for Profits, whereby, according to the Government, taxpayers who adhere will be "shielded forever." This regime, which will have a patrimonial cap of up to 10,000 million pesos to be able to join, guarantees that taxpayers will not have to report on patrimonial variations, nor will their consumptions be controlled. This means that ARCA will only charge them the Income Tax on the income they have invoiced, regardless of the eventual patrimonial growth (which will not be controlled) and from that base, consumptions will be deducted. Article 39 of the project "establishes the liberatory effect of payment, if the content of the proposed sworn statement by ARCA is accepted and payment is made on time; except that income has been omitted."
The Fiscal Innocence project increases the amounts for it to be considered that a person has committed the crime of simple tax evasion, going from $1,500,000 to $100,000,000. Meanwhile, for the conduct under investigation to be considered "aggravated evasion," the threshold must exceed 1,000 million pesos (no longer more than 15 million).
Furthermore, the statute of limitations for tax obligations is reduced from five to three years. ARCA will not initiate criminal proceedings as long as the debts and their respective interests are paid, although this benefit will run only once per taxpayer.
If the complaint is not yet filed, it will be extinguished if the taxpayer cancels those obligations by paying an additional 50% within 30 business days from the notification of the imputation.
Although the project aims to relax tax controls, the amounts of economic sanctions for filing sworn statements late will increase.
