For sure things here can be confusing but there have been recent posts about people opening up a bank account without having a DNI. But I don't know if things have changed lately. My sister in law works with the government and she said the past week or 2 many changes have been coming, She said Milei is uncovering corruption and rampant theft of government funds in just about everything. She said they are all shocked at the level of theft by the previous administrations so they are clamping down and changes are coming down pipeline she said. What changes I am not sure. Over the long run these changes should all be good.
It sounds like Milei and his team are cracking down on undeclared income. I am reading online of some expats that have been wiring in funds with Western Union to their local bank account for many years and their bank has notified them that the jig is up and they have not declared any income with AFIP. I would assume that banks are going to start shutting down bank accounts with this scenario. The funny thing is a member on the old forum admits to tax evasion and has a photo of his face. Sheer stupidity!
Many people are getting emails or letters. I am copy and pasting a post I saw from a poster called Quilombo on the old forum.
Not a lawyer/accountant as always:
So, this is exactly the scenario I've been warning people on here about happening, not judging, but you need to sort this out ASAP before you get the UIF on you, they can blacklist you from ever having any bank accounts or digital wallets, close all your accounts, seize your digital assets, and refer you to AFIP for prosecution. This doesn't appear to be the case
yet, it's just your bank knowing you've been bullshitting them and evading taxes, so take advantage of this to at the very least be in gris.
Some things to keep in mind are as follows:
- You need to register as a Monotributista
- You need to get a pre-paid medicine plan if you don't have one, it's a requirement if you're a Monotributista
- You need to register with AGIP or ARBA if you're in CABA/PBA to pay the provincial taxes
- You can get up to 12K USD a year in SWIFT payments, the rest will be pesified, and the rate has been 80% at the BCRA rate, and 20% at the CCL rate
- You need to work with an accountant that is familiar with the forms to complete; the pesification requirement occurs AFTER the 12K limit
- Each SWIFT payment is expensive (min $80), and you have to triple check the forms so the transfer isn't pesified or blocked
- You have 5 business days to enter the cash in to the country after receiving payment
- The limit you can currently bill as a Monotributista is about 12,000,000 pesos/year
- Your 12K USD counts against this, and any pesos over it. Once you surpass this amount (or whatever it is in June once updated) you must enter the simplified/general regime and charge VAT (21%) and make retirement contributions for yourself
All this being said, the above is how you do things 100% en blanco, now, nobody does this, and AFIP knows that, but, and I'm just guessing here, you've been doing things 100% en negro, and that's why you've got caught, you bill nothing, you're in your prime working years, and you get hundreds of thousands or millions of pesos each month in your bank account. You can simply chose to live en negro, up to the amount the bank will let you have (I don't recommend this) or you work with an accountant to be en blanco or gris. In the in term, the less you do that is trackable (i.e. more WU transfers) the better until you rectify your tax situation. Use your debit card, and accept the reduced exchange rate as a cost associated with having flaunted the tax rules. (Again, not judging, just saying)
The good news is due to the deal with the IMF, the peso is expected to float in June/July so it's possible the requirement to enter all funds via the MULC could disappear like during the Macri years, but we'll have to see. Milei also wants to return the Monotributista regime back to where it was in the 90s where the upper limit was around 50K USD a year instead of the under 20K it is now (it's been greatly decreasing each year).
This advice is for everyone doing the same: PAY SOMETHING; being 100% en negro is what always causes issues for people here. We can debate what is fair in terms of taxes (and yes, pesifying at the BCRA rate is a tax IMO) but you are putting yourself in a position of creating a paper trail of tax evasion when you don't pay anything, make monthly transfers to a bank account, spend money with debit/credit/digital wallets/etc.
