The three most important tax specialists recommend adhering to the simplified regime of Fiscal Innocence

In an unprecedented technical endorsement that marks the end of the "fiscal-terrorism" era, the three most important tax experts in Argentina, Sonia Becherman, Ricardo Paolina, and Liban Kusa, unanimously recommended adhering to the simplified regime of the Fiscal Innocence Law 2.

During the official presentation of the project that the Government will send to Congress, the experts emphasized that this reform represents a "historic paradigm shift." The message from the specialists to taxpayers is clear: "I find no legal argument against adhering to the tax simplification regime."

The professionals' intervention highlighted the magnitude of the state harassment that the country has been experiencing. According to Liban Kusa in his technical introduction, Argentines lived under a "police state" where they were "more investigated than anyone who had committed a serious crime."

Under the previous scheme, the tax authority used suffocating information regimes to monitor private lives, knowing "how much we paid for our children's school, how much we paid in expenses, whether we traveled first class or how much we paid for health insurance", all without a formal inspection order.

In light of that past of permanent suspicion, Javier Milei's administration establishes the premise that the citizen is "innocent" and only needs to report "income and expenses," without the State having the right to "interfere in how they spend their money" once their obligations are fulfilled.

From the political and economic sphere, the Minister of Economy, Luis "Toto" Caputo, along with Secretary María Ibarzábal Murphy, explained that this law is essential for the 170 billion dollars that the Central Bank estimates are "under the mattress" to return to the financial system to generate "greater investment" and "growth."

Caputo was blunt in stating that keeping money in informality is a "very bad business": if someone saved 100,000 dollars 20 years ago instead of investing it at 6% per year, today they have only a third of what they could have accumulated (320,000 dollars).

With a surplus as a goal, the Government seeks to increase the tax base to "continue lowering taxes," after having already returned 20 billion dollars annually to the private sector, equivalent to 3 percentage points of GDP.

In terms of what the new project technically entails, the Fiscal Innocence Law 2 introduces surgical modifications to provide "greater legal robustness" and eliminate the entry barriers that bureaucratic socialism had imposed:

Elimination of Ideological Barriers: The income caps of 1 billion pesos and assets of 10 billion pesos to enter the simplified regime are removed. Now, all individuals and undivided estates can adhere.

Protection Against Arbitrary Actions: It is established that the "presumption of accuracy" of the taxpayer is only broken if the discrepancy detected by ARCA exceeds 15% and simultaneously reaches a nominal amount of 5 million pesos.

Right to Rectification: In the event of a discrepancy, the citizen will have 15 business days to rectify and pay without losing the benefits of the regime, a protection that was nonexistent in the past.

Swift Justice: If the judiciary overturns an ARCA challenge, the State is obliged to return the amounts with interest within a maximum period of 45 business days.

Finally, tax experts Sonia Becherman, Ricardo Paolina, and Liban Kusa highlighted the value of the "fiscal cap," which guarantees that when filing the 2025 declaration, stability is obtained over the periods 2022, 2023, and 2024, preventing the tax authority from opening intervention orders for previous years.

Along with the reduction of the prescription period from 5 to 3 years for compliant taxpayers, Milei's model consolidates a unique window of opportunity until December 31, 2027 for Argentine capital to finally be free and sovereign.