Argentina encourages the repatriation of private assets

Alberto Fernández administration will grant benefits to Argentinians who repatriate before March 31 at least 5% of their assets abroad. Those who accept the proposal will pay a reduced rate (1.25%) of 2.25% personal property tax on condition that they keep the funds in the country until December 31, either in bank accounts or in various investment options. According to official data, the funds registered abroad amount to about $70 billion.

Source: El Economista