Para evitar pagar el impuesto se debe pasar esos fondos a caja de ahorro o a plazo fijo en Argentina, que están exentos en Bienes Personales, tanto en su versión en pesos como en dólares.

Iván Sasovsky CEO de Sasovsky & Asociados señala a El Cronista: “La medida de traer los dólares que están en el extranjero a cajas de ahorro es algo que históricamente se ha utilizado. Lo mismo que tenerlo en cuenta corriente y pasarlo a caja de ahorro, porque la foto es al 31 de diciembre”.

“Pero es una situación que por lo general no se utiliza ya que la fecha a tener el patrimonio es al 31 de diciembre, y lo que el contribuyente haga antes o después es una presunción que nunca se ha aplicado a favor del fisco”, advierte Sasovsky.

Otra alternativa es invertir en bonos soberanos, que están exentos de bienes personales, pero no de renta financiera de 2019, ya que el impuesto cedular se eliminará a partir de 2020.

Otro punto a considerar a la hora de pagar la alícuota del 2,5% es que se calcula en pesos al tipo de cambio oficial del 31 de diciembre del 2019, pero se paga en junio de 2020 y siempre en pesos. Por lo tanto, si la divisa en esos seis meses aumenta un 50%, la tasa efectiva a pagar por su tenencia en el exterior bajaría en forma significativa, a menos del 2 por ciento.

Ramiro Marra, director de Bull Market, señala al matutino que “vuelve a aparecer la alternativa de posicionamiento en bonos como alternativa de no pagar Bienes Personales. Como solía pasar en el pasado, la gente compra títulos en las últimas semanas En esta ocasión, se ve posicionamiento en bonos en base a las expectativas de la restructuración de la deuda”.

Los bonos más solicitados fueron el AM 20, que es el Bonar 2020, que vence el 1 de marzo; y el AF20. Se trata de un bono dual, tanto en pesos como en dólares, que vence el 13 de febrero.

Ezequiel Passarelli, asociado de SCI Group, señala que la primera alternativa es el armado de un trust, pero en la ley están tratando de gravar a los trust en el exterior, algo que nunca se hizo: “La otra alternativa es el cambio de residencia fiscal, legal para el que se va a vivir afuera, pero ilegal para el que hace el cambio pero se queda viviendo en Argentina. Otra es hacer una donación a un pariente que se tenga afuera, o hacerle donación a tus hijos o hermanos ya que, como bienes personales tiene escala progresiva, si todo lo tiene uno paga el 2,5%, pero si se divide entre varios familiares, algunos pagarán el 0,5%, otros el 0,75 y otros el 1 por ciento”.

Mariano Sardáns, CEO de FDI, señala que los bonos bolivianos también están exentos de Bienes Personales, pero el problema es que “son emisiones muy chicas y no tienen liquidez, por lo que se dificultará luego venderlos”.

Pero hay un secreto para no tener que pagar este impuesto. Es legal y está autorizado por la AFIP. Consiste en pasar esos fondos a una caja de ahorro o a un plazo fijo en Argentina, que están exentos de Bienes Personales, tanto en pesos como en dólares.

El tributarista Iván Sasovsky lo confirma: “La medida de traer los dólares que están en el extranjero a cajas de ahorro es algo que históricamente se ha utilizado. Lo mismo que tenerlo en cuenta corriente y pasarlo a caja de ahorro, porque la foto es al 31 de diciembre, aunque cualquier medida elusiva puede ser reconflgurada por el fisco: Pero es una situación que no se utiliza ya que la fecha a tener el patrimonio es al 31 de diciembre, y lo que el contribuyente haga antes o después es una presunción que nunca se aplicó a favor del fisco”.

Otra alternativa es invertir en bonos soberanos. Están exentos de Bienes Personales, pero no de renta financiera de 2019, ya que el impuesto cedular se eliminará a partir de 2020, a excepción de los plazos fijos en dólares.

Otro punto a considerar a la hora de pagar la alícuota del 2,5% es que se calcula en pesos al tipo de cambio oficial del 31 de diciembre del 2019, pero se paga en junio de 2020 y siempre en pesos. Por lo tanto, si la divisa en esos seis meses aumenta un 50%, la tasa efectiva a pagar por su tenencia en el exterior bajaría en forma significativa, a menos del 2%.

Ramiro Marra, director de Bull Market, comenta: “Vuelve a aparecer la alternativa de posicionamiento en bonos como alternativa de no pagar Bienes Personales. Como solía pasar en el pasado, la gente compra títulos en las últimas semanas. En esta ocasión, se ve posicionamiento en bonos en base a las expectativas de la reestructuración de la deuda”.

Agrega que los bonos más solicitados fueron el AM 20, que es el Bonar 2020, que vence el l de marzo; y el AF20, bautizado como bono Alberto Fernández, ya que coincide con sus iniciales. Se trata de un bono dual, tanto en pesos como en dólares, que vence el 13 de febrero.

Ezequiel Passarelli, asociado de SCI Group, señala que la primera alternativa es el armado de un trust, pero en la ley están tratando de gravarlos en el exterior, algo que nunca se hizo: “La otra alternativa es el cambio de residencia fiscal, legal para el que se va a vivir afuera, pero ilegal para el que hace el cambio pero se queda viviendo en Argentina. Otra es hacer una donación a un pariente que viva afuera, o hacerle una donación a hijos o hermanos ya que, como Bienes Personales tiene escala progresiva, si todo lo tiene uno paga el 2,5%, pero si se divide entre varios familiares, algunos pagarán el 0,5%, otros el 0,75% y otros el 1%”.

Mariano Sardáns, CEO de FDI, completa que los bonos bolivianos también están exentos de Bienes Personales, pero el problema es que “son emisiones muy chicas y no tienen liquidez, por lo que se dificultará luego venderlos”. El 2,5% se calcula en pesos al tipo de cambio del 31 de diciembre, pero se paga en junio de 2020, también en pesos.Aconsejan dividir los bienes entre varios familiares: así, algunos pagarán 0,5%, otros 0,75 y otros 1%.

“It’s more taxes on personal assets,” Tetaz wrote on Twitter. “If he were talking about export taxes he would say ‘those who produce most,’ if he were talking about income taxes, he would say ‘those who make the most.”’

Argentines didn’t have to wait long to see the first measures. Fernandez’s cabinet chief, Santiago Cafiero, told La Nacion newspaper on Dec. 14 that a bill will be sent to Congress to outline tax policies which will include an increase on personal property tax and higher rates for those with assets abroad.

Farmers have already gotten ahead of export tax increases by unloading as much of their wheat, soybean and corn crop before the new government took office. Last weekend, Argentina confirmed the rise in export taxes to fund new government’s spending. At the same time, officials announced a so-called tourism tax will be imposed to charge Argentines an extra 30% to buy international air tickets, pay for their monthly Netflix subscriptions or use their credit cards outside the country among other transactions.

Argentines have long stashed their money outside of the country to protect savings from the boom-to-bust cycles that have cursed the agriculture giant for decades. They currently have more than $300 billion of savings abroad, according to data from the statistics institute Indec. New stringent rules that require certain countries to share bank account data have made it harder to find fiscal paradises around the world which is why the trust is becoming a hot product for the wealthy.

An Economy Ministry spokesman declined to comment, adding that any details will be announced with the contents of the bill.

Safe Savings?

Argentines flee and take their dollars abroad

Little known in the country until just recently, the irrevocable trust is in high demand. The instrument is normally structured for people close to retirement age who want to give control and benefit of their assets to others, until the end of their life. But now wealth advisers are even hearing of adults as young as 30-years-old with no heirs seeking out the instrument.

“There was a frenzy after the August primary elections and demand exploded after the new exchange controls,” said Martina Caunedo, a lawyer at MBP Partners, which advises large banks and fund managers in Buenos Aires.

From 2018 to 2019, MBP Partners went from mainly advising companies on infrastructure investments and financing abroad to plan family fortunes.

Argentina already has a high tax load, close to 30% of gross domestic product, which is substantially higher than the Latin American average of 22.8%, according to the Argentine Institute of Fiscal Analysis.

“The country has a real tangle of taxes, fees and contributions: 163 taxes at the three levels of government (national, provinces and municipalities),” Nadin Arganaraz, director of the institute, said. The tax load is close to 33% of income for individuals and reaches 50% when they do everything within the formal economy.

The high tax pressure has typically lead Argentines to try to $67,000 Home Robbery Exposes $500 Billion Problem in Argentina” target=”_blank”>hide part of their wealth in foreign currency outside of the country.

A challenge to the strategy to hide wealth from the new government, is that many Argentines were persuaded to take part in a sprawling tax amnesty plan under former President Mauricio Macri in 2016. In that process they paid a flat rate of up to 15% to declare what they had abroad with the expectation they would be safe from further taxation for now.

“Those who brought their assets back into the country during the tax amnesty, now want to take them abroad again,” Caunedo said.

With Argentina on the brink of default yet again and the economy in recession with inflation running at 50% annually, Fernandez doesn’t have many options on where to raise revenue to spend on the poor. The most viable appears to be squeezing more money from the rich.

Fernandez told the Telefe network late Monday that taxes on personal assets held abroad will be double the 2015 level, meaning the rate could be as high as 2.5%. The measure is intended to persuade Argentines to bring their cash back to the country, he said.

“That’s a lot of money,” Mariano Sardáns, CEO of wealth manager FDI in Buenos Aires, said. “For one person, this means the total of what they could obtain with the return on a bond investment or the rental of an apartment abroad.”

For some, the solution is to change residency or move abroad to skirt the impact of Fernandez’s tax policies, Martin Litwak, head of a boutique legal and tax advisory firm with offices in Miami, said. For those seeking a change of residency, they must live 180 days a year in their host country.

“Argentina is exporting wealth: thousands are leaving the country to live outside, others take their businesses abroad and others put their money in these trusts,” Sardáns said. “The government is set to lose taxable assets.”

“It’s more taxes on personal assets,” Tetaz wrote on Twitter. “If he were talking about export taxes he would say ‘those who produce most,’ if he were talking about income taxes, he would say ‘those who make the most.”’

Argentines didn’t have to wait long to see the first measures. Fernandez’s cabinet chief, Santiago Cafiero, told La Nacion newspaper on Dec. 14 that a bill will be sent to Congress to outline tax policies which will include an increase on personal property tax and higher rates for those with assets abroad.

Farmers have already gotten ahead of export tax increases by unloading as much of their wheat, soybean and corn crop before the new government took office. Last weekend, Argentina confirmed the rise in export taxes to fund new government’s spending. At the same time, officials announced a so-called tourism tax will be imposed to charge Argentines an extra 30% to buy international air tickets, pay for their monthly Netflix subscriptions or use their credit cards outside the country among other transactions.

Argentines have long stashed their money outside of the country to protect savings from the boom-to-bust cycles that have cursed the agriculture giant for decades. They currently have more than $300 billion of savings abroad, according to data from the statistics institute Indec. New stringent rules that require certain countries to share bank account data have made it harder to find fiscal paradises around the world which is why the trust is becoming a hot product for the wealthy.

An Economy Ministry spokesman declined to comment, adding that any details will be announced with the contents of the bill.

Safe Savings?

Argentines flee and take their dollars abroad

Little known in the country until just recently, the irrevocable trust is in high demand. The instrument is normally structured for people close to retirement age who want to give control and benefit of their assets to others, until the end of their life. But now wealth advisers are even hearing of adults as young as 30-years-old with no heirs seeking out the instrument.

“There was a frenzy after the August primary elections and demand exploded after the new exchange controls,” said Martina Caunedo, a lawyer at MBP Partners, which advises large banks and fund managers in Buenos Aires.

From 2018 to 2019, MBP Partners went from mainly advising companies on infrastructure investments and financing abroad to plan family fortunes.

Argentina already has a high tax load, close to 30% of gross domestic product, which is substantially higher than the Latin American average of 22.8%, according to the Argentine Institute of Fiscal Analysis.

“The country has a real tangle of taxes, fees and contributions: 163 taxes at the three levels of government (national, provinces and municipalities),” Nadin Arganaraz, director of the institute, said. The tax load is close to 33% of income for individuals and reaches 50% when they do everything within the formal economy.

The high tax pressure has typically lead Argentines to try to $67,000 Home Robbery Exposes $500 Billion Problem in Argentina” target=”_blank”>hide part of their wealth in foreign currency outside of the country.

A challenge to the strategy to hide wealth from the new government, is that many Argentines were persuaded to take part in a sprawling tax amnesty plan under former President Mauricio Macri in 2016. In that process they paid a flat rate of up to 15% to declare what they had abroad with the expectation they would be safe from further taxation for now.

“Those who brought their assets back into the country during the tax amnesty, now want to take them abroad again,” Caunedo said.

With Argentina on the brink of default yet again and the economy in recession with inflation running at 50% annually, Fernandez doesn’t have many options on where to raise revenue to spend on the poor. The most viable appears to be squeezing more money from the rich.

Fernandez told the Telefe network late Monday that taxes on personal assets held abroad will be double the 2015 level, meaning the rate could be as high as 2.5%. The measure is intended to persuade Argentines to bring their cash back to the country, he said.

“That’s a lot of money,” Mariano Sardáns, CEO of wealth manager FDI in Buenos Aires, said. “For one person, this means the total of what they could obtain with the return on a bond investment or the rental of an apartment abroad.”

For some, the solution is to change residency or move abroad to skirt the impact of Fernandez’s tax policies, Martin Litwak, head of a boutique legal and tax advisory firm with offices in Miami, said. For those seeking a change of residency, they must live 180 days a year in their host country.

“Argentina is exporting wealth: thousands are leaving the country to live outside, others take their businesses abroad and others put their money in these trusts,” Sardáns said. “The government is set to lose taxable assets.”