The Federal Administration of Public Income (AFIP) notified 5,780 taxpayers who did not declare MEP dollar operations exceeding US$ 50,000 and failed to pay the corresponding income tax. In a communiqué, the AFIP said it seeks to “avoid several situations that could result in tax non-compliance.”The agency’s databases made it possible to detect the transactions. The MEP dollar is the implicit exchange rate when investors buy shares or bonds in pesos and sell them in dollars in the local market. The government made the decision in the context of other measures regarding the MEP and blue chip swap exchange rates. The due date for the filing of the tax returns and the payment of income tax and personal property tax is on June 30.

Source: Bueno Aires Herald May 24, 2023 20:02 UTC