International tax cooperation: Registry of financial institutions obliged to report information

2021 - YEAR OF TRIBUTE TO THE NOBEL PRIZE IN MEDICINE DR. CÉSAR MILSTEIN

COMMUNICATION “A” 7337
05/08/2021

TO FINANCIAL INSTITUTIONS,
TO COOPERATIVE CREDIT UNIONS (LAW 26.173):

Ref.: Circular
OPASI 2-641:

International tax cooperation. Registry of financial institutions obliged to report information.

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We address you to inform you that this Institution adopted the resolution that, in its pertinent part, establishes:

“1. Order the creation of the “Registry of financial institutions obliged to report information for international tax cooperation”, in which the financial institutions obliged under the Standard of the Organisation for Economic Co-operation and Development (OECD) for the Automatic Exchange of Information on financial accounts – under the terms of the aforementioned standard and of the AFIP provisions on the matter – must register.

When the entities register they must indicate: i) code of the financial institution; ii) its status –obliged/not obliged–; iii) whether they hold reportable accounts in pesos and/or in foreign currency in the period to be reported (defined in AFIP General Resolution No. 4056/17 and amendments) and, if so, iv) number of reportable accounts and v) percentage of those accounts that correspond to natural persons or legal persons resident in a foreign jurisdiction.

The information declared in accordance with the foregoing shall have the character of a sworn statement and must be updated by the entity in the month of December of each year.

2. Order that this communication shall enter into force on 31.10.21.”

Subsequently we will send you the pages that, in replacement of those previously provided, must be incorporated into the rules on “Savings deposits, salary account and special accounts”, “Time deposits and investments”, “Regulation of the bank current account” and “Demand accounts opened in cooperative credit unions”.

We greet you attentively.

CENTRAL BANK OF THE ARGENTINE REPUBLIC

Darío C. Stefanelli
Principal Manager of Issuance and Regulatory Applications

María D. Bossio
Deputy General Manager of Financial Regulation