BuySellBA
Administrator
ARCA announced that those who earn income from abroad will be able to join the new Income Tax regime - La Nacion Propiedades
Source:
www.lanacion.com.ar
June 13, 2025
The head of the entity assured that there will be changes to the decree in the coming days.
The Government is working on new regulations to allow those who earn income from abroad to join the Income Tax regime.Shutterstock - Shutterstock
The new simplified income tax regime for individuals, which the government says seeks to ease the tax burden and reduce tax informality, will add a key new feature in the coming days for those who invest or receive income outside the country: the ability to join even if they earn income from abroad .
This was announced by Juan Pazo, head of the Federal Public Revenue Agency (ARCA, formerly AFIP), who explained that they are "developing the mechanisms" to include taxpayers with income from other countries in the scheme . "Those who invoice money abroad, who have activities abroad, will be able to join the regime. We are preparing regulations so that those with income from abroad can also join in the coming days," the official stated this morning on the radio program hosted by María O'donell on Urbana Play.
Until now, the rule announced by Economy Minister Luis Caputo on May 23 was restrictive: access to the simplified regime was only available to those with "exclusively Argentine-sourced income ." This excluded taxpayers with foreign income—such as Argentines who rent properties abroad.
Another case would be that of a person who wants to use their "mattress" dollars to buy a property in Argentina, but who also has investments abroad that generate foreign-source income . "That individual cannot file a simplified income tax return and, therefore, cannot use the dollars under their mattress to buy a property because they have a dividend they received abroad," Domínguez clarified. However, with this new measure, this impossibility would no longer exist.
"The problem is that we can't predetermine the tax on foreign income now, because although we have an information exchange system with other countries, we don't receive the information at the same time the tax return is due. Therefore, the control will be ex post (after the tax return has been filed)," he clarified.
ARCA confirmed the possibility of joining the new Income Tax regime even if income is obtained from abroad.Shutterstock
Therefore, the change Pazo announced would , in practice, entail a reinterpretation of the original rule. "The simplified regime will predetermine a portion of the tax that corresponds to domestic taxation, and the taxpayer will have to declare the portion that corresponds to foreign income. It will be a combination of both," he specified.
ARCA asserts that this flexibility is part of a broader tax simplification policy . "We are working to give citizens back the time they currently waste on tax procedures," Pazo concluded.
It should be noted that for this to be carried out, the decree would have to be specifically amended , "because a resolution could not be used to oppose the decree," clarified tax expert Sebastián Domínguez.
The new system will no longer require reporting personal consumption data or changes in assets, thus relaxing state controls against tax evasion .
The measure formally enables adherence to a more streamlined system for preparing tax returns. "It's another step in implementing the government's policy while we await the release of the bills that would determine whether the measures can actually generate the use of dollars in the mattress," explains Sebastián Domínguez, CEO of SDC Asesores Tributarios.
With this regulation, which aims to "simplify and deregulate" tax procedures , individual taxpayers and undivided estates will be able to opt for a "lighter" income tax filing starting in fiscal year 2025 (which would expire in June 2026).
What's changing? There will be no obligation to report assets at the beginning or end of the fiscal year, which indirectly eliminates the famous "asset cross-check," a tool the tax authorities have used until now to detect inconsistencies between income and assets.
www.buysellba.com
Source:
ARCA adelantó que van a poder adherir al nuevo régimen de Ganancias quienes obtengan renta del exterior
El titular de la entidad aseguró que en los próximos días habrá cambios en el decreto
www.lanacion.com.ar
June 13, 2025
The head of the entity assured that there will be changes to the decree in the coming days.
The Government is working on new regulations to allow those who earn income from abroad to join the Income Tax regime.Shutterstock - Shutterstock
The new simplified income tax regime for individuals, which the government says seeks to ease the tax burden and reduce tax informality, will add a key new feature in the coming days for those who invest or receive income outside the country: the ability to join even if they earn income from abroad .
This was announced by Juan Pazo, head of the Federal Public Revenue Agency (ARCA, formerly AFIP), who explained that they are "developing the mechanisms" to include taxpayers with income from other countries in the scheme . "Those who invoice money abroad, who have activities abroad, will be able to join the regime. We are preparing regulations so that those with income from abroad can also join in the coming days," the official stated this morning on the radio program hosted by María O'donell on Urbana Play.
Until now, the rule announced by Economy Minister Luis Caputo on May 23 was restrictive: access to the simplified regime was only available to those with "exclusively Argentine-sourced income ." This excluded taxpayers with foreign income—such as Argentines who rent properties abroad.
Another case would be that of a person who wants to use their "mattress" dollars to buy a property in Argentina, but who also has investments abroad that generate foreign-source income . "That individual cannot file a simplified income tax return and, therefore, cannot use the dollars under their mattress to buy a property because they have a dividend they received abroad," Domínguez clarified. However, with this new measure, this impossibility would no longer exist.
"The problem is that we can't predetermine the tax on foreign income now, because although we have an information exchange system with other countries, we don't receive the information at the same time the tax return is due. Therefore, the control will be ex post (after the tax return has been filed)," he clarified.
ARCA confirmed the possibility of joining the new Income Tax regime even if income is obtained from abroad.Shutterstock
Therefore, the change Pazo announced would , in practice, entail a reinterpretation of the original rule. "The simplified regime will predetermine a portion of the tax that corresponds to domestic taxation, and the taxpayer will have to declare the portion that corresponds to foreign income. It will be a combination of both," he specified.
ARCA asserts that this flexibility is part of a broader tax simplification policy . "We are working to give citizens back the time they currently waste on tax procedures," Pazo concluded.
It should be noted that for this to be carried out, the decree would have to be specifically amended , "because a resolution could not be used to oppose the decree," clarified tax expert Sebastián Domínguez.
What is the new simplified income tax regime?
According to the agency, those who opt for and file a simplified tax return will be exempt from the obligation to report their assets . "It will lighten the burden of the cumbersome task of preparing a balance sheet for each person each year, even if they don't have to keep accounting records, without sacrificing fiscal control," explains tax specialist Roberto Daniel Murmis.The new system will no longer require reporting personal consumption data or changes in assets, thus relaxing state controls against tax evasion .
The measure formally enables adherence to a more streamlined system for preparing tax returns. "It's another step in implementing the government's policy while we await the release of the bills that would determine whether the measures can actually generate the use of dollars in the mattress," explains Sebastián Domínguez, CEO of SDC Asesores Tributarios.
With this regulation, which aims to "simplify and deregulate" tax procedures , individual taxpayers and undivided estates will be able to opt for a "lighter" income tax filing starting in fiscal year 2025 (which would expire in June 2026).
What's changing? There will be no obligation to report assets at the beginning or end of the fiscal year, which indirectly eliminates the famous "asset cross-check," a tool the tax authorities have used until now to detect inconsistencies between income and assets.
www.buysellba.com
