HomeTaxMoney laundering: funds and assets of around US$130.000 million were declared

Money laundering: funds and assets of around US$130.000 million were declared

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The final figure will be announced on Tuesday at 16 p.m. by the Minister of Finance, Nicolás Dujovne, and the head of the AFIP, Alberto Abad. 

While the most pessimistic estimate it at US$110.000 billion, the national Executive's offices assure that the total amount of capital and assets that entered the money laundering regime is around US$130.000 billion.

According to preliminary numbers, The money laundering will add around $8.500 billion extra to March's tax collection. Throughout the remainder of 2017, will represent an additional $30.000 billion.

They also estimate that US$10.000 billion will go directly to ANSES payments to comply with the Historical Repair imposed by law.

Meanwhile, The new assets and capital declared expand the taxable base for collecting Income and Personal Property Tax. Indeed, they estimate that the tax base could increase this year by between 15% and 20%, both within and outside the country.

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