Argentina Offers Amnesty to Taxpayers Not Paying Wealth Taxes

Argentina’s tax authority launched a campaign encouraging non-compliant taxpayers to declare foreign assets through a recently introduced tax amnesty.

The effort launched Monday will focus on some 24,000 cases currently under audit for non-payment of the country’s wealth tax, issuance of false invoices or undeclared foreign holdings detected by the automatic exchange of information, the Administración Federal de Ingresos Públicos (AFIP) said in a press release.

The authority said the cases it will investigate could be worth a total of 400 billion Argentine pesos ($430 million).

• Under the tax amnesty, which is included in a set of regulations called ...