This was announced by the Federal Public Revenue Administration (AFIP). intensified the controls carried out on financial activities of Argentines in Switzerland. These are accounts that could not be declared to the agency to omit the payment of wealth and profits tax. It is currently estimated that the amount amounts to 85 million dollars.
Thus was born the organization led by Carlos Castagneto extends its inspection program of accounts of Argentines abroad, which had already reached 1,800 people and 250 taxpayers who had not correctly filled in the asset and personal income tax returns.
According to AFIP, the area specialized in International Taxation has been implemented various measures to ensure compliance with tax obligations by taxpayers who have financial accounts abroad. The information that enabled the above checks to be carried out was obtained through the automatic exchange of financial accounts (CRS).
This type of exchange is an automated exchange, carried out by AFIP with governments participating in the CRS, in which financial account information is shared, including balances, interest, dividends and products from the sale of financial assets. The data is disclosed to governments by financial institutions and relates to the accounts of individuals and entities, including trusts and foundations.
“The case of Switzerland is an example of the importance of the information AFIP receives through several exchange agreements signed covering more than 140 countries, adding to the brand new agreement signed last year with the United States (FATCA), a jurisdiction that , as is the case with Switzerland, is believed to contain a large number of financial accounts of Argentines,” the agency said in a statement.
NS
Source: Clarin
