Argentinian Tax Authority to Seize Digital Wallets to Collect Tax Debts
Argentinian Tax Authority, AFIP, has stated that they will be able to seize any assets owed by taxpayers in digital wallets if the tax debts are not settled. Last year, the organization recommended the law but did not execute it until early 2022 during the Covid-19 pandemic. Related Reading | Making Money in Bitcoin Markets? Don’t Forget About Crypto Taxes The organization now has a procedure for confiscating digital assets in these accounts. This addition will allow authorities access not only bank accounts and loans given out by third parties but also houses and cars owned by....
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The Argentinian Tax Authority (AFIP) will now be able to confiscate the assets that taxpayers have in digital wallets if they have debts with the organization. The recommendation for attorneys of this institution to include these digital accounts was made last year, but the execution of debt collection was suspended during the Covid-19 pandemic period. However, these procedures started being executed on January 31.
Argentinian Tax Authority Eyeing Digital Wallets
The AFIP, the Argentinian Tax Authority, has included funds in digital wallets as one of the assets that can be....
The Argentinian Tax Agency, the AFIP, has ramped up the seizures of digital wallets of taxpayers in the country. The institution managed to seize more than 1,200 digital wallets of taxpayers that had debts and didn’t have a bank account, or other properties available to be collected by the courts. While the organization has yet to order crypto-related seizures, this could be possible in the future.
Argentinian Tax Agency Seizes More Than 1,200 Digital Wallets
Tax regulators around the world are becoming more and more aware of the different ways in which taxpayers can hide....
The Argentinian Tax Authority (AFIP) has won a historic case to seize taxpayer funds from a digital account. The case, which was won in an appeal in the Federal Chamber of Mar del Plata, might bring about more seizures of this kind and include cryptocurrencies as part of a stricter policy of the organization.
Argentinian Tax Authority to Seize Funds From Digital Account
The eyes of regulators around the world have turned to fintech and crypto companies and their operations. The Argentinian Tax Authority (AFIP) has recently won a landmark case in the area, allowing it to seize....
Bitcoin’s hash rate has continued its recent climb, riding the waves to new highs. The digital asset that has been suffering following the market crash seems to only be suffering in price as it has kept up the pace in other avenues. Coming out of the weekend, bitcoin has recorded a significant spike in its hash rate, leading to a new high of 248.11TH/s in a period of 24 hours. Bitcoin Hash Rate Touches New High Between February 11th and February 12th, the bitcoin hashrate recorded a new high. Miners who have been an integral part of the network since inception have continued to increase....
Argentinian tax dodgers are seeing their cryptocurrency wallets seized by the local tax authority. Argentina’s tax authority has seized more than 1,000 cryptocurrency wallets linked to delinquent taxpayers in the country.According to a report from local media outlet iProUP, courts across Argentina authorized the seizure of 1,269 cryptocurrency wallets belonging to citizens with outstanding debt to Argentina’s Federal Administration of Public Income (AFIP).AFIP signaled its intent to go after cryptocurrency wallets belonging to tax delinquents in May, ordering cryptocurrency exchanges and....