ARCA (Argentina IRS) and Cash withdrawals from ATM machines and banks in BA?

[IrishLad]

Asking for a friend. Let's assume that you have someone from Ireland and he has his DNI and declares no income in Argentina. But he has pensions and also rental income and investment income from back home and doesn't declare it in Argrentina.

Before he wasn't using the ATM machines at all because of the spread between the blue and white rate. But now we reached a point where there is almost no spread between official and blue that it makes sense to use ATM machines again instead of cuevas. If said friend were to use his Irish debit card and start using ATM machines to make cash withdrawals, is there any exposure at all from ARCA for said friend? What is your experience?

I have gone in cycles using my ATM card many years ago when you could withdraw large amounts of pesos. Then switched to cuevas but now it makes sense to use ATM machines if they start allowing larger withdrawals. My bank will rebate me for the ATM fees. So my 2 part question is what are the highest withdrawal amounts now and will my friend have exposure to ARCA? Is there any way they can trace this back to my DNI even though it's a foreign ATM card?

 

[Avocado]

Asking for a friend. Let's assume that you have someone from Ireland and he has his DNI and declares no income in Argentina. But he has pensions and also rental income and investment income from back home and doesn't declare it in Argrentina.

Before he wasn't using the ATM machines at all because of the spread between the blue and white rate. But now we reached a point where there is almost no spread between official and blue that it makes sense to use ATM machines again instead of cuevas. If said friend were to use his Irish debit card and start using ATM machines to make cash withdrawals, is there any exposure at all from ARCA for said friend? What is your experience?

I have gone in cycles using my ATM card many years ago when you could withdraw large amounts of pesos. Then switched to cuevas but now it makes sense to use ATM machines if they start allowing larger withdrawals. My bank will rebate me for the ATM fees. So my 2 part question is what are the highest withdrawal amounts now and will my friend have exposure to ARCA? Is there any way they can trace this back to my DNI even though it's a foreign ATM card?

So it basically sounds like you are evading taxes in Argentina? Or I mean your friend!

For us now we can withdraw large amounts but not sure for foreigners. Even though your friend has DNI I still call foreigner.

Doubt Afip can track anything with foreign card because you could just be a tourist and they would not know. No way to track it back to you or your friend.

 

[Betsy Ross]

Asking for a friend. Let's assume that you have someone from Ireland and he has his DNI and declares no income in Argentina. But he has pensions and also rental income and investment income from back home and doesn't declare it in Argrentina.

Before he wasn't using the ATM machines at all because of the spread between the blue and white rate. But now we reached a point where there is almost no spread between official and blue that it makes sense to use ATM machines again instead of cuevas. If said friend were to use his Irish debit card and start using ATM machines to make cash withdrawals, is there any exposure at all from ARCA for said friend? What is your experience?

I have gone in cycles using my ATM card many years ago when you could withdraw large amounts of pesos. Then switched to cuevas but now it makes sense to use ATM machines if they start allowing larger withdrawals. My bank will rebate me for the ATM fees. So my 2 part question is what are the highest withdrawal amounts now and will my friend have exposure to ARCA? Is there any way they can trace this back to my DNI even though it's a foreign ATM card?

I wouldn't worry about ATM withdrawals from foreign debit card. There is no way to match you with the same person on your DNI card. Too many people have the same name and doubt they would spend time or resources trying to track this. I don't even know if they could track it down.

Then again, once facial recognition is all over the city including maybe at ATM machines ha ha. But we are a long way from that. I am not sure they would be able to share facial recognition data with private companies.

I have not utilized ATM machines too much with foreign cards as the withdrawal limits are so small. But let's see if they will increase these.

 

[Wally]

Not now but maybe in the future. With all of this technology you never know where it will all go. I doubt you would have any issues. Just because you have a foreign bank account and you have a DNI doesn't mean you would have issues even if they knew. Most locals still don't declare all their income and they have no problems at all.

When you use a local debit/credit card that is another matter. They track ALL of your expenses and banks share it with the government. Also Western Union also shares this information I am told with the government. On things like Western Union they can track you because they have your photo,DOB, passport number, etc. I would think your at greater risk if you are sending WU payments to yourself vs. ATM.

 

[earlyretirement]

Asking for a friend. Let's assume that you have someone from Ireland and he has his DNI and declares no income in Argentina. But he has pensions and also rental income and investment income from back home and doesn't declare it in Argrentina.

Before he wasn't using the ATM machines at all because of the spread between the blue and white rate. But now we reached a point where there is almost no spread between official and blue that it makes sense to use ATM machines again instead of cuevas. If said friend were to use his Irish debit card and start using ATM machines to make cash withdrawals, is there any exposure at all from ARCA for said friend? What is your experience?

I have gone in cycles using my ATM card many years ago when you could withdraw large amounts of pesos. Then switched to cuevas but now it makes sense to use ATM machines if they start allowing larger withdrawals. My bank will rebate me for the ATM fees. So my 2 part question is what are the highest withdrawal amounts now and will my friend have exposure to ARCA? Is there any way they can trace this back to my DNI even though it's a foreign ATM card?

I would tell your friend he/she has nothing to worry about. It's almost impossible to track withdrawals from foreign debit cards just by name. Tons of tourists and very difficult to track. Local cards are one thing but foreign cards are just impossible.

It is a bit comical but for my really close Argentine friends, I have given them secondary credit cards as authorized users. This is for my closet friends but a tit for tat type arrangements as I always need cash in Argentina and they are always spending or traveling abroad. So they don't have to use their Argentine credit cards having to pay the tourist rate which is very high. They just pay me in US dollars in Argentina.

It's the same type of thing. It's impossible to track usage of those cards by the locals. Many locals have bank cards from the EU or USA and even locally they use them to ARCA/AFIP can't see their usage.