Argentina's government has suspended the freezing of small businesses' bank accounts by the tax authority until at least May and extended repayment plans, after aggressive collection tactics angered many traders who backed President Javier Milei, the Buenos Aires Times reports.
Economy Minister Luis Caputo announced the change on Tuesday. Citing a public information request reported by Todo Noticias, the paper says freezes, liens and asset-sale restrictions rose 52% in the first eight months of the year to about 135,700 cases. One Buenos Aires produce seller said her account was frozen after she fell behind on payments and she would not vote for Milei again.
Tough collection has helped protect a primary budget surplus of about 1.2% of GDP, while annual inflation has eased to 33% from more than 200% in early 2024. The tax agency declined to comment.
Source: Buenos Aires Times