Argentina introduces tax amnesty bill for undeclared foreign currency holdings

The Argentine government has formally introduced a tax amnesty bill to Congress, targeting undeclared foreign currency holdings with a deadline of July 27, 2026. Concurrently, the broader 'Fiscal Innocence II' tax reform, which includes expanded taxpayer benefits and restricted audit powers for ARCA, faces significant legislative opposition from both rival and allied factions. The passage of the comprehensive reform remains uncertain, while the amnesty bill is scheduled for debate in August.