Argentina introduces tax amnesty bill for undeclared foreign currency holdings

Argentina's government has confirmed the introduction of a comprehensive tax amnesty bill, targeting undeclared foreign currency and informal savings, with payments due by July 27, 2026. Concurrently, the administration is pursuing legislative amendments to the 'Fiscal Innocence' project and a dual strategy to institutionalize monetary and fiscal stability through Central Bank charter reform and new Penal Code provisions. These initiatives are unfolding amidst an economic contraction and aim to increase liquidity and formalize capital, though the efficacy and congressional support remain uncertain.