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Argentina Chamber of Deputies passes Central Bank and tax reforms
The Argentine Chamber of Deputies has passed two significant legislative reforms. First, the body granted semi-sanction to a reform of the Central Bank's Organic Charter. The project, which received 144 votes in favor, 102 against, and 9 abstentions, aims to establish the preservation of currency value as the entity's primary mission. It also prohibits the Central Bank from providing advances to the National Treasury and restricts the purchase of public securities in the primary market.
Second, the Chamber approved the Inocencia Fiscal II project with 139 votes in favor, 110 against, and 10 abstentions. This reform expands the Simplified Income Tax regime by removing previous income and asset limits, allowing all resident individuals and undivided estates to participate. The project also extends the deadline to access these benefits until December 31, 2027. Both initiatives now move to the Senate for further treatment.
The legislative sessions were marked by intense political friction between the ruling La Libertad Avanza party and opposition blocs such as Unión por la Patria. While the government views these reforms as essential for macroeconomic stability and inflation control, opposition members have criticized the measures, citing potential risks to state capacity and economic flexibility.
Entities
ARCA · Argentina · Central Bank of Argentina · Central Bank of the Argentine Republic · Chamber of Deputies · Javier Milei · La Libertad Avanza · Luis Caputo · Martín Menem · Pablo Juliano · Santiago Bausili · Santiago Pauli
Claims
What the coverage asserts, and how many sources carry each claim.
- [○ 1 SOURCE] Provincial officialist blocs from Catamarca, Misiones, Salta, Tucumán, and Neuquén voted with the opposition.
- [● 4 SOURCES] Germán Martínez and Pablo Juliano requested to include family debt and disability emergency projects on the session agenda.
- [● 3 SOURCES] The vote to include the disability emergency extension also received 133 votes in favor, 107 against, and 11 abstentions.
- [DISPUTED] The vote to include family debt projects resulted in 133 votes in favor, 107 against, and 11 abstentions.
- [● 9 SOURCES] The Chamber of Deputies moved to update the Tax Innocence Law. eldiarionoticias.com.ar
- [● 2 SOURCES] The government secured a quorum to proceed with reforms to the Central Bank's Organic Charter.
- [○ 1 SOURCE] A project was included to reduce the VAT on cassava starch from 21% to 11.5%.
- [● 2 SOURCES] The opposition is aiming to convene a special session on September 9.
- [○ 1 SOURCE] Nearly 7 million people are in default or cessation of payments.
- [● 2 SOURCES] Individuals who purchased televisions for the World Cup are now refusing to pay for them.
- [DISPUTED] A motion to include family debt relief in the legislative agenda failed with 133 votes against, 107 in favor, and 11 abstentions.
- [● 2 SOURCES] Requests for state intervention to assist debtors effectively serve as a bailout for the banking sector.