Cordoba Becomes the First Argentinean Province to Impose Taxes on Crypto-Rela...
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....
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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....
Mendoza, an Argentinian province, has implemented a system that allows taxpayers to pay their taxes fully with cryptocurrencies. The system, which was launched this week, is part of a strategic push for the modernization and digitalization of payments carried by the tax authority of Mendoza and uses the services of a third party to process the transactions.
Mendoza Goes Crypto for Tax Payments
More and more governments are including cryptocurrencies as a way of paying state-related obligations due to their recent popularity. Mendoza, a province of Argentina, is one of the first....
Portugal is a crypto tax haven since 2018 but not for long. The country used to have a hands-off policy on crypto exchanges, sale, and trading but has now maneuvered in the opposite direction by deciding to impose taxes on crypto transactions. According to ECO, a news outlet in Portugal, Fernando Medina, Minister of Finance, […]
As a wise man once said, there is no escaping taxes and death once you are born. When Bitcoin was introduced, however, there was a glimmer of hope, most of us thought that we might just be able to escape taxes. Unfortunately, it was short lived, as the IRS decided to impose taxes on virtual currency holdings. Now that Bitcoin is considered as an official asset by various government agencies in the United States, one can do nothing but pay the toll. How do we know what is taxable and what is not? Well, for that we have a few experts who can help us understand, but it will be easier if you....
The idea of the Argentinean central bank asking local banks for information on customers who deal with cryptocurrencies is generating controversy in the local industry. A new chapter in this story has been written, as a local lawyer has filed a class-action complaint before a national court to overturn such a ruling. Argentinean Central Bank Measure ‘Violates’ Privacy Rights, Says Lawyer According to Victor Castillejo, an Argentinean lawyer, the “habeas data” complaint filed argues that the Central Bank of the Argentine Republic (BCRA) decision to ask such data is....