2023-08-05 12:41:36
Once a saver invested more than $200,000 per month within a fixed term the bank is obliged to inform the AFIP. This amount covers all accreditations, including savings accounts, salary accounts, social security accounts and special accounts..
According to the disposition of this entity, The banks must inform the AFIP regarding the movements if the accumulated amount of credits or monthly withdrawals in Argentine or foreign currency reaches or exceeds $200,000.
What is the limit that AFIP allows for fixed terms
In addition, the entity must report account balances that, at the end of the reported monthly period, are equal to or greater than $200,000 in absolute values.
In addition, resolution 5349/2023, published in the Official Gazette, established the new limit of $120,000 for the same entities to inform the AFIP regarding the consumption made through debit cards.
In the event that funds have to be justified, it is the same financial institution that determines if it is necessary to do so. In the event that you need this information, you will generally do so by email, requesting the submission of supporting documentation that supports the transactions carried out.
They might request the client, invoices issued in the last 6 months, salary receipts, proof of retirement assets and certificates of income issued by public accountants.
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