Argentina's Milei Wants People to Declare Their Crypto Holdings for Lower Tax Rate
The bill called 'the Law of Bases and Starting Points for the Freedom of Argentines' was introduced to Congress on December 27. The bill offers tax incentives for citizens who declare their 'crypto' holdings 'regardless of their origin.'
"The bill includes provisions for an "asset regularization scheme" that would allow taxpayers to legalize crypto holdings without having to provide additional documentation about where the assets came from."
"Argentines who declare their assets prior to March 31, 2024 will benefit from a 5% tax rate, whereas those who declare by November 30, 2024 will be subject to 15%."