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Argentina’s Fiscal Innocence 2 Update | Argentina News
Argentina’s Senate just approved major tweaks to the Fiscal Innocence law, aiming to lure $170 billion in hidden cash into the formal economy with sweeter tax breaks and relaxed rules. Originally passed in December, the law struggled to attract participants, so lawmakers are rolling out “Fiscal Innocence Two” — slashing penalties for unexplained deposits, raising income thresholds for simplified tax filing, and giving ARCA a 2025 grace period to validate past filings without immediate scrutiny. With a 44-23 vote, the reform signals a push for transparency while offering reassurance that…
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