Tax Innocence II was approved: 5 key points to understand the law with which the Government seeks to get the dollars out of the mattress

Argentina's Senate approved the "Inocencia Fiscal II" bill, converting the government-backed legislation into law. Promoted by the administration of President Javier Milei, the measure successfully passed with the support of political allies following a period of legislative uncertainty and weeks of difficulty for the ruling party in the upper chamber.

The newly enacted law serves as a replacement for an earlier version passed just eight months prior. Its primary objective is to encourage individual savers to withdraw hoarded US dollars from private storage—colloquially known as keeping them "under the mattress"—and inject those funds back into the formal financial system to help reactivate the national economy.