New amounts from which banks and virtual wallets must report their clients’ transactions

News Financial services General Updates

Date: 2nd Jan, 2025 Source: Federal Administration of Public Revenues (Administración Federal de Ingresos Públicos, AFIP) Country: Argentina Original Source

Brief

"On January 1, 2025, La Agencia de Recaudación y Control Aduanero (ARCA) implemented new thresholds for entities to report client transactions. Financial institutions and virtual wallets must now inform on transactions exceeding $600,000 with debit cards, total credits or debits, and other specified amounts, while transfers above $2,000,000 are required for virtual wallets."

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Federal Administration of Public Revenues (Administración Federal de Ingresos Públicos, AFIP)

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New amounts from which banks and virtual wallets must report their clients’ transactions

Brief

Federal Administration of Public Revenues (Administración Federal de Ingresos Públicos, AFIP)

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