Express
Argentinian Province Introduces a Local Tax on the Crypto Activities
Summary: The central province of Córdoba, Argentina has introduced a local tax on the crypto activities of its residents.The provincial legislature has voted in favor of a new bill that will impose rates of 4% to 6.5% on gross income from crypto-related transactions involving crypto brokers and exchange platforms, with individual traders also obliged to pay ...
The central province of Córdoba, Argentina has introduced a local tax on the crypto activities of its residents.The provincial legislature has voted in favor of a new bill that will impose rates of 4% to 6.5% on gross income from crypto-related transactions involving crypto brokers and exchange platforms, with individual traders also obliged to pay the same amount.
Individuals or corporations in the province who receive payments in cryptoassets in exchange for goods or services will need to hand over 0.25% to the provincial tax authorities.
The new laws spoke of “digital assets,” but failed to create a distinction between cryptoassets like bitcoin (BTC), security tokens and fiat-backed stablecoins.
By Amy Liu
Tags: Argentinian,Crypto,Tax
Link: Argentinian Province Introduces a Local Tax on the Crypto Activities [Copy]
