Argentina Crypto Tax Guide 2025

Argentina has a complex cryptocurrency tax system administered by AFIP (Administración Federal de Ingresos Públicos) that includes both income tax (Ganancias) and wealth tax (Bienes Personales). Cryptocurrency is treated as a financial asset subject to progressive tax rates. The tax burden can be significant for high-value holdings due to the combination of income and wealth taxes.

Capital gains from cryptocurrency sales are reported on the Ganancias (Income Tax) return and taxed at progressive rates: 5% (up to ARS 706,230.48), 9% (ARS 706,230.48-1,412,460.96), 12% (ARS 1,412,460.96-2,118,691.44), 15% (ARS 2,118,691.44-2,824,921.92), 19% (ARS 2,824,921.92-3,531,152.40), 23% (ARS 3,531,152.40-4,237,382.88), 27% (ARS 4,237,382.88-4,943,613.36), 31% (above ARS 4,943,613.36). These rates are updated annually for inflation.

Argentina imposes an annual wealth tax (Bienes Personales) on cryptocurrency holdings valued above the threshold (currently ARS 27,000,000 for 2024). Rates range from 0.5% to 1.5% depending on total wealth and location (domestic vs. foreign assets). Cryptocurrency held on foreign exchanges is taxed at higher rates (up to 2.25%). This tax is due even if you don't sell your crypto.

For Bienes Personales, cryptocurrency must be valued at fair market value in ARS on December 31 of the tax year. Use the official exchange rate (tipo de cambio oficial) or the blue/parallel rate if officially recognized. Asset location matters: crypto on Argentine exchanges is treated differently than foreign exchange holdings.

Trading one cryptocurrency for another is a taxable disposal for Ganancias purposes. You must calculate the gain or loss in ARS at the moment of trade using the fair market value of both cryptocurrencies. This applies to all swaps, including DeFi trades. Each trade resets your cost basis for the newly acquired cryptocurrency.

Mining rewards and staking income are treated as income from movable capital (renta de capital mobiliario) for Ganancias and taxed at the same progressive rates as capital gains. The ARS value when received is taxable income and becomes your cost basis. This income must be declared even if the tokens are not sold.

Cryptocurrency held on foreign exchanges must be reported on both Ganancias and Bienes Personales with specific disclosure of the foreign nature. Foreign crypto holdings may be subject to higher wealth tax rates (up to 2.25% vs. 1.5% for domestic). AFIP has data-sharing agreements with some foreign exchanges.

Due to Argentina's high inflation, AFIP adjusts tax brackets and thresholds annually. For cost basis calculations, you can adjust the acquisition cost for inflation using the official CER (Coeficiente de Estabilización de Referencia) index. This helps reduce taxable gains in real terms. The inflation adjustment applies to both Ganancias and Bienes Personales.

Maintain detailed records for at least 10 years: transaction dates, ARS values at transaction time, exchange names and locations (domestic vs. foreign), wallet addresses, cost basis with inflation adjustments, December 31 holdings for Bienes Personales, and proof of foreign asset status. AFIP is increasing enforcement on crypto assets.

Taxxy automatically generates Ganancias tax calculations with progressive rates and inflation adjustments, calculates Bienes Personales wealth tax with proper domestic vs. foreign classification, provides ARS valuations using official exchange rates, tracks December 31 holdings for wealth tax, identifies foreign asset reporting requirements, and produces AFIP-compliant documentation.