Taxand Argentina provides a summary of the Voluntary Disclosure Act.
On 22 July 2016 the Voluntary Disclosure Act was published in the Official Gazette, which creates a voluntary and extraordinary disclosure regime and introduces significant changes to personal asset tax and income tax.
Discover more: Act for the voluntary disclosure of assets and other tax amendments
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Following the publication, it is estimated that regulations or guidance by the Federal Tax Authorities (AFIP), the Central Bank (BCRA), the Financial Intelligence Unit (FIU) and the Argentine Securities and Exchange Commission (CNV) will shortly be announced; along with the requirements for effective implementation of the Act.