Argentine Tax Authority AFIP Strengthens Supervision, Finds Three Clandestine...
The Argentine tax authority (AFIP) found three different clandestine cryptocurrency mining farms last week. The farms were located in San Juan and in the city of Cordoba. More than $600,000 in hardware was found at just one of these locations, and the high level of power consumed helped the institution track these farms. Argentine Tax Authority Detects Three Different Clandestine Crypto Mining Farms The Argentine tax authority (AFIP) has put its eyes on the business of illegal cryptocurrency mining and has already detected three clandestine cryptocurrency farms in the last week.....
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The Argentine Tax Authority (AFIP) is ramping up its fight against cryptocurrency-related tax evasion. On Oct. 28, the organization informed it had sent notifications to 3,997 taxpayers about incongruencies between their tax statements and reports on their cryptocurrency holdings. These statements being reviewed correspond to reports of operations happening in 2020. Argentine Tax Authority AFIP Ramps up Crypto Vigilance The Argentine Tax Authority (AFIP) is using the reports coming from local exchanges to cross the data in the tax statements and the crypto holdings of several taxpayers and....
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....
Argentina’s tax authority AFIP reportedly ordered domestic crypto exchanges and payment firms to provide monthly reports of all kinds of operations. A tax authority in Argentina is reportedly looking to scrutinize operations involving cryptocurrencies like Bitcoin (BTC).Argentina’s Federal Administration of Public Income, or AFIP, has ordered domestic crypto exchanges and payment firms to provide monthly reports of all kinds of operations by users on their platforms, local news agency Buenos Aires Económico reports Tuesday.In a notice to local crypto firms, the authority asked virtual....
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....
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....