Further Detail on the Tax Amnesty Program and
Voluntary Disclosure of Unreported Assets
Located In Argentina and Abroad
On July 28, 2016, Decree N° 895/2016 was published in the Official Gazette and on July 29, 2016, General Resolution N° 3919 of the Federal Tax Authority and General Resolution N° 672/2016 of the National Security Commission were published in the Official Gazette, regulating the implementation of the Plan. Moreover, on August 5, 2016, Resolution N° 3-E/2016 of the Finance Secretary and the Treasury Secretary that regulates the issuance and subscription of the Bonds contemplated in the Plan, was published in the Official Gazette.
As from August 1, 2016 and until March 31, 2017, taxpayers will be able to disclosure unreported assets and request the benefits of the Plan.
As from August 8, 2016, taxpayers will be able to make offers for the subscription of the Bonds.
Moreover, the regulations of the Exchange Commission regarding the subscription of the quotas of the Common Investment Funds to be created under the Plan, are pending publication.