Mercado Pago is one of the most popular virtual wallets in Argentina, especially among entrepreneurs and small businesses.
through its payment platform, market payA Unicorn free market got a lot of people access the financial system And enjoy services like the possibility to receive payment for your sales through various means of payment.
Since most of its users platform are small entrepreneurs, it is likely The question is, up to what amount are they obliged to report their transactions?,
What is the maximum amount I can deposit in Mercado Pago?
Yes, OK There is no maximum amount for the amount of money that can be deposited in Mercado PagoEverything will be subject to the particular situation of each user.
For those who do not have regular income or work in the informal economy, the maximum amount they can enter (including transfers, payments, collections, among others) $90,000,
However, in case of daily income, the minimum amount for cash operation was $500while the maximum amount $250,000,
However, if the income received does not correspond to the financial status of the user, it is possible free market There is a need for an explanation of the origin of wealth, because financial information unit (FIU) this measure is needed,
There is no maximum amount for the amount of money that can be deposited in Mercado Pago.
given for prevent illegal activities Such as money laundering, tax evasion and terrorist financing.
How to avoid taxes in Mercado Pago?
It is common for people to confuse the concept tax withholdingTherefore it is important to clarify the difference between the two.
At first, me Case, taxes are established by national or provincial authorities Which must be paid compulsorily and has no direct relation.
instead, Withholding is an advance payment of these taxesThrough which the government, through its collection agents (such as banks and financial institutions), collects a part of the taxes and then the taxpayer deducts them from the final tax.
Problems arise when taxpayers are not correctly registered, or simply not, in the relevant taxes, which leads to withholding more than the original tax.
it is important to pay attention to These withholdings do not relieve taxpayers from their initial liability.And That non compliance Registering for taxes may result in tax penalties.
Mercado Pago, the Mercado Libre platform, allowed thousands of people to access the financial system
For Avoid one of two Reduce accused of withholding market payThe user must register in the relevant tax or comply with the monotax regime (VAT and profit) as well as the gross income.
In the latter case, it is common to choose multilateral agreementAs it allows billing in all provinces of the country.
What taxes are paid for using Mercado Pago?
for now There is no tax to use Mercado Pago, as long as the transactions made on the Platform correspond to purchases or spends. However, recognition of funds, sales and other actions are subject to certain taxes.
The most common taxes paid in Mercado Pago are:
- Income tax
- Gross Income
- the tub
How much money can be transferred without being announced by Mercado Pago?
Currently, the limit for transferring money without declaring it is relatively low, especially in Mercado Pago. $90,000 One month
Although there are cases in which people transfer large amounts without the need to justify the origin of the funds, it should be noted that exceeding this figure increases the “risk” of declaring the origin of the funds.
The limit for undisclosed money transfers is $90,000 per month.
At the same time, The above amounts pertain to the totality of operations performed per calendar monthThat is, it covers money deposited, transfers received, etc.
In addition, balances in fixed-term deposits are usually covered, as well as balances in accounts and other types of investments, so not only money in Mercado Pago is included for the calculation, but also in any financial institution. It happens.
Therefore, if transfers are made by Mercado Pago $50,000Both the amounts are added, so that the operations for that month were $110,000more than the amount of $90,000 Monthly.
In the event that the App determines that it is necessary to justify the origin of the funds, communicate with the User via email or through notices on the Platform,
In this case, the necessary documentation will be requested to support the actions taken.
The most common documents include invoices for the past six months, salary receipts, retirement asset receipts and income certificates issued by public accountants, among others.
In the event of not being able to justify the origin of the funds, financial institutions usually send an STR to the FIU.
It’s important to note that, in general, a sale without an invoice is not considered a “legitimate” justification for the origination of the funds.
If you cannot justify the origin of all or part of the funds, it is likely that a Suspicious Transaction Report (STR) will be generated and financial information unit (FIU).
After that, the functions of the entity are very diverse, as it will depend on the severity of the problem, as well as other factors related to the taxpayer, such as the volume and frequency of transactions, among others.