On November 29, the Customs Collection and Control Agency (ARCA), formerly known as AFIP, incorporated several activities linked to cryptoassets into the “Classifier of Economic Activities” (CLAE).
The CLAE is a kind of catalog that organizes, for tax purposes, the various commercial and productive activities in the country, assigning a number or “nomenclator” to each of them. Depending on the activity they carry out, taxpayers must register for one or more of these activities.
The new regulations incorporates activities related to cryptoassets, that until now did not have their own nomenclature, and classifies them into various categories in order to guarantee better control.
According to the statement issued by ARCA, “the norm dictated contemplates the growing integration of technologies in various areas of the economy observed in recent years, along with the greater diversification and evolution of the operational and commercial processes developed by taxpayers.”
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Part of the statement from the Argentine Treasury. Source: ARCA
In this way, they are incorporated as specific activities into the Bitcoin-criptomonedas-bloque-recompensa-hash-dificultad-nonce-mineros/” target=”_blank” rel=”noreferrer noopener”>cryptoasset Mining (for example, “Cryptographic validation service of data and/or transactions linked to cryptoassets”) and to the custody of crypto assets (“Crypto asset custody services”).
Other incorporated activities are the “Purchase and exchange of crypto assets on their own account” (which includes P2P) and “Services intended to facilitate the management of transfers, purchase and sale, investment and/or exchange of cryptoassets through electronic management platforms, digital portals and/or mobile applications” (es say, the activities of a Virtual Asset Service Provider -PSAV).
The inclusion of these activities represents a step forward in the regulation of the cryptoasset sector in Argentina.
It is important to highlight that the fact that these activities have been incorporated into the Classifier of Economic Activities does not imply a change with respect to the taxes that could be paid for operating crypto assets I hold its ownership.
The list of new activities is as follows (which, in addition to activities linked to cryptoassets, includes, for example, the activity of “influencers”):
List of new activities. Source: ARCA
In short, what the Argentine Treasury sought with this measure is to provide a little clarity on how those people who carry out activities with crypto assets (mining, trading, etc.) should register, but their tax treatment has not been modified (which, for True, it is still full of uncertainty…).
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