#CryptoArgentina

IN ARGENTINA

Is it mandatory to declare cryptocurrencies?

Yes. Cryptocurrencies must be reported in the following declarations:

Personal Property Tax: The value of cryptocurrencies must be declared as of December 31 of each year, using the corresponding exchange rate on that date.

Income Tax: Profits obtained from the buying and selling or exchange of cryptocurrencies are subject to this tax. For individuals, the rates vary between 5% and 15%, depending on the type of transaction and its origin (national or foreign).

⚠️ What happens if they are not declared?

Not declaring cryptocurrencies can be considered a form of tax evasion. If the AFIP (now called ARCA) detects undeclared assets, it can initiate legal actions for malicious concealment, especially if technologies designed to hinder transaction tracking are used.

🧾 Is there a regime to regularize undeclared cryptocurrencies?

Yes. Law No. 27.743, approved in June 2024, allows Argentine citizens to regularize undeclared assets, including cryptocurrencies. This tax amnesty program offers the opportunity to declare these assets without facing penalties, as long as certain requirements are met, such as keeping the cryptocurrencies on platforms registered in the country.

✅ Conclusion

Although possessing cryptocurrencies is not illegal in Argentina, failing to declare them can have fiscal and legal consequences. It is advisable to consult with an accountant or tax specialist to comply with tax obligations and, if applicable, take advantage of the available regularization regimes.

As long as you do not make very large movements in your bank accounts compared to your actual operations, you will not have any problems. However, if you are going to handle significant amounts, it is advisable to find a way to pay less and declare part of it.

Best regards!

TITAN TRADERS