The Argentine government has passed the Inocencia Fiscal law, which introduces a simplified income‑tax regime and amends the tax‑penalty, fiscal, and civil codes. Under the proposal, taxpayers who join the new regime, capped at ten billion pesos, will be exempt from reporting asset changes and their spending will not be monitored. Agencia Noticias Argentinas reported that ARCA will only collect income tax based on declared revenues, regardless of uncontrolled asset growth.
"Simplified Income‑Tax Regime"
Article 39 of the bill provides a discharge effect: if a taxpayer accepts ARCA’s proposed affidavit and pays on time, the debt is considered settled, except for omitted income. The law also raises the threshold for simple tax evasion from 1.5 million to 100 million pesos and sets the aggravated evasion limit at 1 billion, replacing the former 15 million.
"Discharge Effect of Payment"
The statutory period for tax obligations is shortened from five to three years. ARCA will be exempt from criminal action while debts and interests are paid, but only once per taxpayer. If the complaint has not yet been filed, it will be extinguished if the debt is paid with a 50 % surcharge within 30 business days of notification.
"Inocencia Fiscal Law"
