Argentina will launch automatic exchange of tax information on crypto assets by September 2029 at the latest

Argentina has committed to implementing the OECD's "Crypto Asset Reporting Framework" and will launch automatic exchange of tax information on crypto asset transactions by September 2029 at the latest. Argentina needs to incorporate this framework into its national laws before 2029 and clarify the reporting obligations of relevant crypto asset service providers.

Trading platforms, intermediaries, and other related service providers will be responsible for identifying eligible users and collecting information such as names, addresses, tax residency, taxpayer identification numbers, and transaction information related to buying, selling, and transferring crypto assets. This measure will not introduce new types of taxes, nor does it mean that users will automatically incur new tax obligations; Argentina's tax authority ARCA will have access to standardized information on the overseas crypto asset transactions of domestic residents and will compare it with tax declarations. The first annual information reporting period to be included in this mechanism has not yet been publicly determined.