AFIP tightened control over foreign assets

The Federal Administration of Public Revenues (AFIP) today tightened its control over the assets of Argentines abroad, through a series of changes in criteria on personal property tax. In December 2019, it established that assets abroad should pay taxes at a rate of 2.25%. The rule indicated that it should be paid by those who had tax domicile in Argentina. Now, the AFIP established a series of modifications so that eventually the loss of residence in Argentina would not be argued by processing only the cancellation of the tax domicile.

Source: Ámbito