On December 26, 2025, the Argentine Congress approved Law 27.799, widely known as the Tax Innocence Law. This legislation is notable for significantly raising the thresholds for fiscal crime; what previously constituted a crime at $1.5 million now requires a threshold of $100 million. This substantial increase has raised concerns about potential fiscal evasion among wealthy individuals. The law aims to streamline the tax reporting process while easing the financial burden on high-income taxpayers, effectively reducing the number of individuals facing criminal charges for tax offenses.

A key component of the law is found in Title II, which introduces a Simplified Self-Declaration Regime for earnings. This regime allows individuals with annual revenues up to $1 billion and total assets of up to $10 billion, including both domestic and foreign assets over the last three fiscal years, to submit a pre-filled tax return. This return can be modified or confirmed, ensuring that taxpayers can adjust their reported earnings. The process aims to simplify tax compliance, facilitating the integration of wealth into the formal economy and providing clearer benefits for high earners seeking to regularize their fiscal status.

In return for complying with the self-declaration process, taxpayers benefit from two significant advantages: the final resolution of their tax obligations and a presumption of accuracy regarding their reports, which cannot be contradicted by counter-evidence. This framework is designed not only to enhance voluntary tax compliance but also to encourage major earners to transition their wealth into the tax system. However, the long-term implications of such leniency on tax laws and its potential to incentivize fiscal irresponsibility among the wealthy are subjects of ongoing debate in Argentine society.