Jul 17, 02:30 PM

Argentina Defines Rules for Normalizing Undeclared Assets, Including Cryptocurrency, Amid Tax Amnesty and Money-Laundering Fears

Argentina has defined rules for the normalization and legalization of previously undeclared assets, including cryptocurrency. The Argentine Federal Administration of Public Income (AFIP) has regulated a tax amnesty program, known as the Asset Regularization Regime. Under this regime, individuals who regularize up to $100,000 will not pay any tax. Additionally, any amount may be regularized at no cost if the money is not withdrawn from the financial system before December 31, 2025, or invested. This move comes as Argentina aims to address money-laundering fears and regulate its booming cryptocurrency market.

#Argentina #AFIP #Asset Regularization Regime

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