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AFIP Tax Amnesty

Sounds like prostitution is perfectly legal in Argentina. I guess she could have declared the income if she wanted by escorting or being a travel companion but I am guessing she didn't declare any of that income.
Yes prostitution is legal in Argentina. In fact, you can see her lawyer tried to argue using statutes about prostitution for the income. She didn't declare this income. If this amnesty didn't come into play they would have seized much of it. Good timing for her. She will have to pay some taxes but not much. Probably only 5% on the amount over $100k.
 
Yes prostitution is legal in Argentina. In fact, you can see her lawyer tried to argue using statutes about prostitution for the income. She didn't declare this income. If this amnesty didn't come into play they would have seized much of it. Good timing for her. She will have to pay some taxes but not much. Probably only 5% on the amount over $100k.
It's legal as long as there aren't any pimps involved. You can tell how bad the economy is. Just go to a website like ArgentinaXP or SoloIndependientes and the number of females grows each day.
 
Sure, of course the government can threaten jail time but that isn't common. Here is a good example. Take a look at this model/escort. She got caught in a scandal and got caught with $570,000 US Dollars in her apartment. This is just one girl/escort.

Her money was seized several months ago. She didn't go to jail. Nothing happened to her. And now her lawyer has argued that her money be laundered under this tax amnesty program. It's a good example and gives you good insights about this money laundering program. It also is an eye opener when you hear a staggering figure that $400 BILLION is hidden under the mattress of Argentines. This is just one model/escort that had almost $600,000 in her apartment.

Previous to this, she couldn't do anything with this money. She couldn't buy a car, couldn't buy a property because the funds were justified or declared. But now her money will get laundered and most likely she will be buying an expensive property in Puerto Madero or a few apartments in Palermo with these funds. This is essentially what happens during these amnesties.


This was all the cash that was found in her apartment. Take this and it's happening with many, many Argentines. Maybe not as much as her but it gives you an idea how the country operates.

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Wow the blanqueo came at a good time for her!
 
Do any of you know anyone that laundered cash under the last amnesty? I'm curious if they encountered any problems or legal actions in subsequent years?
Yes I talked to some people that brought cash with Macri amnesty. They did not have any problems but they told me that they have to justify their spending for purchases they make. AFIP look at all the charges you make and activity in your bank account. That is why many still pay with cash here so they don't have to justify income. Even Mercado Libre purchases are looked at.

But an accountant told me this is a good way for Russians to also bring their money in that have a new DNI. And it is per person so a good opportunity. Locals warn me a good idea to pull the cash out of account as soon as possible because there was bank run before and could happen again.
 
Do any of you know anyone that laundered cash under the last amnesty? I'm curious if they encountered any problems or legal actions in subsequent years?
We know many locals that brought in cash under the last amnesty under Macri. A tremendous amount of cash came into Argentina and especially assets declared around the world.


We have not heard of anyone that was prosecuted at all but your odds of getting audited are much higher after you take advantage of these programs. Hopefully with President Milei this is not the case but many that take advantage of it have increased scrutiny.

I am curious how much of the billions that people have deposited have already left the banking system? I wonder if people will keep the funds in the bank or just pull it out again?
We posted about this on X yesterday.



As of October 17, about $700 million has been withdrawn from the banks. It's not a big percentage out of the billions that came in. Much of that is being used to purchase real estate. Keep an eye on the amount by the end of this year.
 
I am curious how much of the billions that people have deposited have already left the banking system? I wonder if people will keep the funds in the bank or just pull it out again?
I posted about this yesterday.
s of October 17, about $700 million has been withdrawn from the banks. It's not a big percentage out of the billions that came in. Much of that is being used to purchase real estate. Keep an eye on the amount by the end of this year.
Correct. You can see this article about it. I'm guessing that as we move towards the end of the year and into next year a big chunk of this will be pulled out to purchase real estate.

 
Do any of you know anyone that laundered cash under the last amnesty? I'm curious if they encountered any problems or legal actions in subsequent years?
If the IRS ever did something like this people wouldn't fall for it. They know it was be some trap to catch people. Crazy that locals trust the government.
 
The Government announced that the first stage of the money laundering will be extended until Friday, November 8. It was so positive that they have extended it.

 
The Government announced that the first stage of the money laundering will be extended until Friday, November 8. It was so positive that they have extended it.

There is so much cash rolling in. $18 Billion and counting. Very successful. I wouldn't be surprised if they extend it until the end of the year.
 
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