Introduction to Crypto Taxation in Argentina
Argentina’s cryptocurrency adoption has surged, resulting in a revenue of $706.1 million in 2025. This growth is directly fueled by inflation and currency depreciation, as residents use digital assets like Bitcoin to preserve wealth and transact. Understanding tax rules is significant for compliance, and the Federal Tax Authority (AFIP) is the appointed regulator that oversees crypto taxation.
Tax Authorities & Regulations
In Argentina, the cryptocurrency market falls under the Administración Federal de Ingresos Públicos (AFIP). The AFIP updated its policy in 2022, considering cryptocurrency as digital assets subject to taxation under the Personal Property Tax framework. The 2024 “Law of Foundations and Initial Measures for Argentinian Liberty” also applies, treating crypto as intangible property, not legal tender. Holding crypto is untaxed, but profits or income from transactions are taxable, aligning with fiscal modernization efforts.
Types of Crypto Taxes in Argentina
There are several kinds of crypto taxes in Argentina, including:
- Capital Gains Tax (CGT): Levied on profits from selling crypto above a threshold.
- Income Tax: Applied to earnings from mining, staking, or payments, treated as income.
- VAT/GST: Not applicable to crypto transactions in 2025.
- Other Taxes: Personal Property Tax on year-end crypto value; 5–15% tax on international transfers.
Tax Rates & Brackets
The tax rates and brackets in Argentina are as follows:
- CGT ranges from 5–15%, based on declaration timing (5% pre-March 2024; 15% in 2025).
- Income tax on crypto earnings spans 5–35%, per income bracket.
- Personal Property Tax is 0.25–1.25%, based on wealth.
- International transfers face a 5–15% tax.
- No exemptions for small gains; early 2024 declarations had lower rates.
Crypto Transactions & Tax Treatment
The tax treatment for various crypto transactions is as follows:
- Buying/selling: Buying is tax-free; selling triggers CGT if profitable.
- Mining/staking: Taxed as income per slab rate.
- Payments: Taxed as income based on market value.
- Crypto-to-crypto: Taxable as CGT.
- DeFi/lending: Taxed as income or CGT, per activity.
- NFTs: Taxed as CGT on profit; no specific rules.
Crypto Tax Reporting & Compliance
In 2025, AFIP mandates reporting crypto in annual tax returns via Personal Property Tax filings, including wallet details and December 31 values. Record-keeping of trades is required, and the deadline is usually June 30, with fines for late submissions. Exchanges don’t withhold taxes, so taxpayers must calculate and report accurately.
Tax Deductions & Exemptions
In 2025, Argentina allows crypto trade losses to offset same-year gains, not other income. Business expenses (e.g., mining costs) could also be deductible for registered traders. Holding crypto is tax-free, but no broad exemptions apply. The 2024 early declaration offered a 5% rate, now expired. Taxpayers should seek expert advice to optimize deductions.
Enforcement & Penalties for Non-Compliance
AFIP monitors crypto via KYC data, blockchain analytics, and international cooperation. In 2025, it intensified enforcement, inspecting mining operations and financial records. Non-compliance incurs penalties of 25% of unpaid tax plus interest; evasion may result in 100% fines or as much as seven years’ imprisonment. Errors can trigger audits, requiring detailed records. Enhanced tech makes evasion difficult, emphasizing compliance.
Future of Crypto Taxation in Argentina
In 2025, President Milei’s pro-Bitcoin stance may lower taxes or incentivize blockchain firms. AFIP seeks stricter reporting to stop evasion. With inflation boosting crypto use, Argentina could balance revenue and innovation, potentially becoming a crypto hub if regulations soften.
Conclusion
In 2025, Argentina taxes crypto via CGT, income, and property taxes under AFIP oversight. Taxpayers must report transactions and keep records to avoid penalties, intensified by stronger enforcement. Consulting professionals is suggested as a consequence of the complexity. Compliance enables responsible crypto use, supporting fiscal stability while reducing risks.
FAQs
1. Is the possession of cryptocurrency subject to taxation in Argentina?
No, merely holding cryptocurrency incurs no tax liability; nonetheless, its value have to be declared for the needs of the Personal Property Tax.
2. What are the results of failing to declare cryptocurrency profits?
Individuals could also be responsible for penalties starting at 25% of the unpaid tax amount, plus interest, with more severe sanctions possible for deliberate non-compliance.
3. Are exchanges between different cryptocurrencies taxable?
Yes, converting one cryptocurrency to a different constitutes a taxable event, subject to capital gains tax assessment.
4. Is it permissible to deduct losses from cryptocurrency transactions?
Yes, losses could also be offset against gains from other cryptocurrency transactions inside the same tax 12 months, though not against other income sources.
5. What is the deadline for submitting tax filings in 2025?
The filing deadline is usually June 30 for the prior 12 months’s taxes, though confirmation of the precise date needs to be sought from AFIP updates.
