The AFIP has updated the minimum amounts from which banks and virtual wallets must report in relation to the movements of accounts and expenses with taxpayers’ cards throughout the national territory.
Until April of this year, debit card purchases had to be reported as long as they exceeded $30,000. Due to high inflation, that number has ballooned to $120,000.
The last change was in August last year when from $10,000 to the current $30,000.
Similarly, the general resolution which dates from 2018 (but which was last amended in April this year) he took $90,000 to $200,000 the minimum amount to be reported in the case of monthly credits, monthly withdrawals, account balances and restricted deposits.
According to the AFIP, “tax administration reasons make it necessary to update the amounts starting from which the obliged subjects must declare in these regimes”.
What information must financial institutions provide to AFIP?
- Subscriptions, cancellations and changes in relation to the list of current accounts, savings accounts, salary or retirement accounts and special accounts.
- Cumulative total of monthly credits in domestic or foreign currency accounts, when said total is equal to or greater than TWO HUNDRED THOUSAND PESOS ($200,000).
- Account balances which, at the end of the last working day of the reference month, are equal to or greater than TWO HUNDRED THOUSAND PESOS ($200,000) in absolute values.
- The accumulated total of time deposits made during the monthly reporting period, when such total is equal to or greater than TWO HUNDRED THOUSAND PESOS ($200,000).
- Consumption made with debit cards in the country by the owner and/or by the additional, when the accumulated amounts are equal to or greater than HUNDRED TWENTY THOUSAND PESOS ($120,000) per month in each reported account.
- Consumption made with debit cards abroad by the holder and/or additional ones.
NS
Source: Clarin
