Argentina's tax authority has revised its automatic exchange of information regime through General Resolution 5887/2026, clarifying which funds and accounts fall outside CRS reporting obligations.
Argentina’s Customs and Revenue Collection Agency (ARCA) has updated the automatic exchange of financial information regime, known as the Common Reporting Standard (CRS), through General Resolution 5887/2026.
The amendment clarifies the scope of entities and accounts that are exempt from the reporting obligation, with the stated aim of avoiding interpretations that could jeopardise compliance with international tax transparency commitments.
The measure was developed following dialogue with the Global Forum on Transparency and Exchange of Information for Tax Purposes, together with the practical experience of financial institutions. The objective is to ensure that only entities and accounts that genuinely represent a low risk of tax evasion are exempted from reporting.
Financial institutions not required to report
The resolution clarifies the rules for collective investment instruments that could be exempt from reporting. For a fund or investment vehicle not to be required to report under the CRS, two conditions must now be met:
- All interests must be held by persons or entities that are not “reportable”, with an exception for certain Passive Non-Financial Entities (NFEs) with reportable controlling persons.
- Those interests must be held in custody by banks or other reporting financial institutions that undertake all due diligence and reporting obligations.
If interests are registered directly in the name of investors who are reportable, or Passive NFEs controlled by reportable persons, the reporting exemption is lost.
Accounts excluded from reporting
The following accounts are exempt from reporting on the basis that they are considered low-risk, social-purpose deposit accounts:
- Labour termination fund for workers in the construction industry
- Savings accounts used to receive social assistance plans or programmes
- Universal Free Account
To retain the reporting exemption, the amounts transacted must not exceed the Unidad de Índice para Actualización de Depósitos y Préstamos (UIF) monthly thresholds, and the financial institution must not identify inconsistencies between the customer’s profile and the account activity.
The clarified regime under General Resolution 5887/2026 is intended to give financial institutions greater certainty in applying the CRS reporting exemptions, while preserving Argentina’s alignment with international standards on tax transparency.
This announcement was made on 18 August 2026.
