Citizens in Argentina Might Have to Pay Crypto Taxes Depending on Location
A new crypto tax paradigm is brewing in Argentina, where two provinces have now approved crypto tax laws. This means that Argentinian citizens must disclose their cryptocurrency holdings and pay taxes according to the trades they do in the provinces of Tucuman and Cordoba. This is because cryptocurrencies have been grouped with all other international currencies, and are therefore subject to tax. Cryptocurrencies Will Be Taxed in Certain Provinces of Argentina Cryptocurrency taxes have arrived in Argentina, at least in certain provinces. Now, users that trade and hold....
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Horacio Larreta, the head of the government of Buenos Aires, the capital of Argentina, confirmed that the city will allow its citizens to pay some taxes with cryptocurrencies. This is part of a digitization plan that the city has named “Buenos Aires+” that seeks to simplify the relationship the city has with citizens.
Buenos Aires Government to Introduce Cryptocurrency Tax Payments
The government of Buenos Aires, the capital of Argentina, is planning to allow its citizens to pay some taxes with cryptocurrencies. According to local media, the announcement was made by....
The New Mendoza Tax Administration crypto payment service turned on as of Aug. 24. In another shift toward widespread crypto adoption in Argentina, citizens from the Mendoza Province can now pay government fees and taxes using cryptocurrencies. In an Aug. 27 statement, the Mendoza Tax Administration (ATM) described the new crypto payment service as fulfilling "the strategic objective of modernization and innovation," giving "taxpayers different means to comply with their tax obligations." The service officially began operation on Aug 24., but at this stage, it will only accept stablecoins....
Argentina’s Senate approved an extraordinary one-time wealth tax to fight the coronavirus pandemic by seeking to boost government revenue and targeting millionaires with assets of more than 200 million pesos ($2.5 million). At the same time, the country still faces a 35% inflation. Argentinean Senate Approves New Taxes, While Bitcoin Keeps Skyrocketing Against the Argentine Peso According to El Pais, the measure, citing opposition parties’ statements, could “slow down the investments” in a country whose fiat currency, the Argentinean Peso (ARS) is highly devalued....
Florida has announced that it would allow citizens to pay their state taxes in bitcoin. The state has been a hotbed for crypto activities as Miami Mayor Francis Suarez has made it his mission to make the city the crypto hub of the nation. This has paid off in various ways for the city and […]
In Argentina, a provincial legislature has voted in favor of a bill to impose new taxes on gross incomes from crypto transactions. Cordoba’s central province is now the first one to impose crypto taxes in the country, which involves crypto exchange platforms and retail traders. Approved Tax Bill Grants a Definition of Cryptocurrencies According to CBA4N, the “Tax Law 2021” approved by the legislature seeks to tax people 4% to 6.5% on gross incomes from crypto-related transactions. Also, individuals or businesses who receive payments in cryptocurrencies “in exchange....