Tax
Declaring Foreign Assets as an Argentine Tax Resident
The obligations and risks of failing to declare foreign assets as an Argentine tax resident - and how to comply correctly.
May 26, 2026
The Obligation
Argentine tax residents are required to declare all foreign assets - bank accounts, investments, real estate, company interests, crypto assets - in their annual Bienes Personales and Ganancias returns. Failure to declare foreign assets constitutes tax evasion under Argentine law and can result in penalties, interest and, in serious cases, criminal prosecution. Argentina is a signatory to the Common Reporting Standard (CRS), receiving automatic financial information from over 100 countries.
The CRS and Automatic Exchange
The OECD's Common Reporting Standard (CRS) means that Argentine tax residents holding accounts in participating countries - virtually all developed nations - will have their account information automatically reported to ARCA. Banks in Switzerland, Luxembourg, the UK, Germany, Spain, the US (via FATCA for US persons) and many others exchange data. The era of undisclosed foreign accounts is effectively over.
Regularization
Residents with undisclosed foreign assets should address their situation proactively. Argentina has periodically offered asset regularization (blanqueo) programs allowing voluntary disclosure at favorable rates. Proactive voluntary disclosure is always preferable to discovery by ARCA. Roffo's tax team manages foreign asset disclosure processes and advises on the most favorable compliance path.
Interested in investing or relocating to Argentina?
Our team is available for a free 30-minute advisory call.