On November 29, the Customs Collection and Control Agency (ARCA), previously often called AFIP, included a number of actions linked to cryptoassets into the “Classifier of Economic Activities” (CLAE).
The CLAE is a sort of catalog that organizes, for tax functions, the numerous business and productive actions in the nation, assigning a quantity or “nomenclator” to every of them. Depending on the exercise they perform, taxpayers should register for a number of of these actions.
The new laws incorporates actions associated to cryptoassets, that till now didn’t have their very own nomenclature, and classifies them into numerous classes in order to ensure higher management.
According to the assertion 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.”
In this manner, they’re included as particular actions into the cryptoasset mining (for instance, “Cryptographic validation service of data and/or transactions linked to cryptoassets”) and to the custody of crypto assets (“Crypto asset custody services”).
Other included actions are the “Purchase and exchange of crypto assets on their own account” (which incorporates 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 actions of a Virtual Asset Service Provider -PSAV).
The inclusion of these actions represents a step ahead in the regulation of the cryptoasset sector in Argentina.
It is necessary to spotlight that the proven fact that these actions have been included into the Classifier of Economic Activities It doesn’t suggest a change concerning the taxes that could possibly be paid for working crypto assets. and/or maintain its possession.
The record of new actions is as follows (which, in addition to actions linked to cryptoassets, consists of, for instance, the exercise of “influencers”):
In brief, what the Argentine Treasury sought with this measure is to supply slightly readability on how these individuals who perform actions with crypto assets (mining, buying and selling, and many others.) ought to register, however their tax therapy has not been modified (which, for True, it’s nonetheless full of uncertainty…).
