In Argentina, a tax amnesty program has been extended until the end of this year for those Argentines who have undeclared foreign currency. The government introduced the amnesty In June 2013.
According to the amnesty those who have professed previously unreported foreign currency will not have to provide information about how or when they gained the currency as long as they comply with anti-money laundering regulations.
Eligible entities(Individual investors or business organizations) are discharged from any federal tax liability for not reporting the assets or the income used to acquire them. They are also exempt from prosecution under the criminal tax law.
