2024-05-28 13:55:19
The Federal Public Revenue Administration (AFIP) updated the amounts that banks and virtual wallets must report regarding client operations.
After this modification, users must pay attention to the values established by the treasury, since if the limits on transactions, balances and consumption are exceeded, these will be reported to the authorities.
The measure aims to achieve a “simplification of processes for the benefit of taxpayers, through the implementation of mechanisms aimed at improving their information regimes.” With this new regulation, General Resolution No. 4298 was modified, which obliged financial entities to report on account movements.
New AFIP limits for virtual wallets
All income or expenses that exceed $400,000 (previously $120,000) in virtual wallets will be notified to the AFIP. Additionally, the monthly balances recorded may not be greater than $700,000 (previously $200,000).
In this context, if necessary, the agency will evaluate the taxpayer’s fiscal situation and request proof of the origin of the funds used in the respective operations. From this information, you will determine whether that money is legal or not.