The Argentine Federal Administration of Public Revenues (AFIP) has confirmed that the regulatory framework for the second phase of the Tax Amnesty Program (Inocencia Fiscal II) will be published on 15 October 2026 via General Resolution 5678/2026. This phase, established under Law 27.743 (Article 45), allows taxpayers to regularize undeclared assets held domestically and abroad as of 31 December 2025 by paying a special tax of 5% on the declared value, plus a 0.5% monthly surcharge for late adherence. However, major business chambers including CAC, UIA, and CAME have formally requested a 60-day extension to the adherence deadline (currently 31 January 2027), citing operational complexities in valuing illiquid assets and obtaining foreign bank certifications. The Ministry of Economy has indicated it will evaluate the request but emphasized the program’s design as a one-time window.
Key Takeaways
- Expanded Asset Scope: Unlike the 2024 edition, Inocencia Fiscal II covers cryptocurrencies, digital assets, and intellectual property rights held offshore. Taxpayers must submit a detailed asset inventory certified by a public notary and, for foreign holdings, a report from a licensed international auditor.
- Penalty Relief and Confidentiality: Participants receive full immunity from criminal tax prosecution and administrative fines for fiscal years 2020-2025. The regulation reinforces strict confidentiality provisions: AFIP officials face criminal liability for unauthorized disclosure of declared information.
- Extension Debate and Fiscal Impact: The government estimates the program could generate USD 3.2 billion in revenue if fully subscribed. An extension would delay collections into Q2 2027, affecting budget projections. The Congressional Budget Office warns that a prolonged window may reduce urgency and lower overall participation.
Disclaimer: This article is compiled and summarized by the AI based on publicly available information and is for general information purposes only. It does not constitute any form of formal tax advice, legal opinion, or basis for performance. Please consult a qualified professional tax advisor or legal counsel for tax advice.
Source: Read Official Announcement