The Argentine Executive Power has officially published the regulatory decree for the Tax Innocence Law under Law 27.799, alongside complementary regulations from the Revenue and Customs Control Agency (ARCA). This move fully enacts the Simplified Income Tax Declaration Regime, intended to facilitate compliance for taxpayers.

Under this new framework, individuals who meet specific conditions can submit a simplified declaration of their income tax. If these individuals pay their taxes on time, they can benefit from a liberating effect that significantly reduces the potential reach of audits and investigations by the tax authorities. This provision aims to encourage a more transparent economic environment and to bring previously undeclared income into the tax system.

The implementation of this decree reflects Argentina's ongoing efforts to streamline tax compliance and improve revenue collection amidst various economic challenges. By simplifying the process for individual taxpayers, the government hopes to boost compliance rates while also potentially invigorating the economy by formalizing previously hidden financial activities.