Argentina: IRS-style agency seizes assets of citizens and foreigners for delayed tax responses

Argentine tax authority (AFIP) has begun automatically seizing assets, vehicles, and bank accounts of citizens and foreigners who failed to respond to IRS notices, per Clarín. This marks an escalation in enforcement, potentially affecting foreign nationals and signaling a stricter compliance regime. The scope and legal basis remain unclear, but the move could deter non-compliance and impact capital flows.