Argentina Introduces Optional Simplified Income Tax Return for Resident Individuals

The Argentine Tax Authority (ARCA) has announced the introduction of a simplified tax return regime for individuals. The regime is voluntary and is generally available to all resident individual taxpayers who obtain income from Argentine sources exclusively, with some exceptions. The primary benefit of the regime is that taxpayers are exempted from the obligation to report their assets. The regime is available for tax periods beginning on or after 1 January 2025, with those wanting to opt fo…