Argentina is preparing to integrate its cryptocurrency market into a global tax-reporting system by September 2029. The country has officially joined the Organisation for Economic Co-operation and Development’s (OECD) Crypto-Asset Reporting Framework (CARF), which enables tax authorities to automatically share cross-border crypto transaction data.
This development follows Argentina's recent easing of crypto regulations, which included reversing a strict 2022 ban and permitting digital asset services within mainstream banking applications.
Argentina Becomes 77th CARF Jurisdiction
The OECD Global Forum on Transparency and Exchange of Information for Tax Purposes announced Argentina's commitment, making it the 77th jurisdiction to join the international crypto tax information-sharing initiative. Developed alongside G20 countries, CARF extends automatic tax information sharing to digital assets, helping tax authorities track crypto activities occurring outside a user's home country.
By September 2029, Argentina must establish the legal and technical frameworks required to execute these data exchanges. Once domestic rules are implemented, covered crypto-asset service providers will be mandated to gather customer and transaction details.
Data Collection Requirements
Under the framework, the collected data includes:
- User's name and address
- Tax residence
- Taxpayer identification number
- Transaction details
CARF encompasses several transaction types, including exchanges between crypto assets and fiat currencies, crypto-to-crypto trades, and transfers of crypto assets. This information can subsequently be transmitted to tax authorities in participating jurisdictions where a customer holds tax residency.
No New Taxes Introduced
The adherence to CARF does not institute a new cryptocurrency tax in Argentina. Instead, the framework modifies how transaction data is collected and reported to tax authorities. Existing tax regulations in Argentina will continue to dictate whether a specific crypto transaction incurs a tax liability, while CARF provides authorities with enhanced data to verify user declarations.
Argentina has until September 2029 to implement the requisite legal and technical systems for automatic data exchanges. The OECD Global Forum will monitor and support the nation's implementation progress. While most participating jurisdictions are scheduled to commence automatic exchanges by 2027, Argentina's timeline is set for 2029.
