El The government decided to backtrack and not extend the money laundering capital that expires at the end of the month, according to official sources. After this possibility was announced by this media last Friday, the president himself Mauricio Macri admitted the weekend I was studying, something that will not happen.
The decision was made at noon at Casa Rosada after a meeting of the economic team, which was not attended by the Minister of Finance, Nicolás Dujovne, who is in London for the G-20 summit.
The idea, at the request of the AFIP, was to extend the tax disclosure. Since it was a tax issue, the Executive Branch had to have the issue go through Congress. But the procedures of the legislative process made it almost impossible to approve the extension before the end of the month.
In a statement, the AFIP "ratified" the deadline to clarify undeclared assets that have never been declared "as well as the possibility of regularizing tax debts due as of May 31, 2016."
"Although the last day to confirm the valuation of an asset is March 31, in the case of properties, citizens are advised not to wait until the last minute since one of the steps required is the intervention of a public auctioneer or other authorized professional to confirm the valuation of the property. A similar situation occurs with assets declared in the name of a third party, who must give their consent in order to confirm the valuation," the statement added.
Given that the time remaining before the deadline established by law expires, the Government was considering extending the money laundering process via a decree of necessity and urgency (DNU). However, the use of this tool for a tax decision raised questions.
Strictly off the record, parliamentary sources from the ruling party consulted by ámbito.com said that they had no information this morning about the possibility of extending the deadline. Meanwhile, the opposition was already analyzing it and was turning to express its rejection of the use of the decree.
The Government's idea was to extend the money laundering period until April 30 - presentation and payment - and the moratorium until May 31, admitting (for the moratorium) the incorporation of debts up to December 31, 2016, which would expand the universe of subjects who could regularize debts by paying in installments, since with the current regulations, obligations due up to May 31, 2016 were admitted.
As regards money laundering, assets could be disclosed under the terms established by Law 27.260, meaning that there was only a longer period of time to incorporate.
By extending the deadline, the Government also sought to raise fresh funds, thereby partially avoiding indebtedness.
As of Monday, January 2, Abad had reported that 97.842 billion dollars had been recorded in money laundering and had expressed his confidence that this amount would grow strongly by March 31, the date originally planned for the closing of the Tax Amnesty Plan.
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