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Cryptocurrency airdrops – free token distributions to wallet holders – have become popular in Argentina’s crypto landscape. But many recipients overlook a critical fact: The AFIP (Administración Federal de Ingresos Públicos) considers airdrops taxable income. Failure to properly report these assets can lead to penalties, audits, or legal consequences. This guide explains Argentina’s tax framework for airdrop earnings and how to stay compliant.
Argentina’s Tax Treatment of Cryptocurrency Airdrops
Under Argentine tax law, airdropped tokens qualify as taxable income at their market value upon receipt. The AFIP categorizes them as:
- Occasional Income: Taxed under Income Tax Law (Impuesto a las Ganancias) if received outside business activities
- Business Income: If received through professional crypto trading or mining operations
- Wealth Tax Assets: Subject to Bienes Personales tax if held beyond the tax year
Valuation is based on the token’s ARS (Argentine Peso) equivalent at the moment of receipt using reputable exchange rates. Even if tokens aren’t immediately sold, their value must be declared.
Step-by-Step Guide to Reporting Airdrop Income
Follow this process for compliant reporting:
- Record Receipt Details: Note the date, token amount, and ARS value at receipt time (use exchange screenshots)
- Classify Income Type: Determine if airdrops are occasional income or business revenue
- Include in Annual Declaration: Report under “Rentas de Otra Fuente” in your Ganancias tax return
- Calculate Wealth Tax: Add unsold tokens to Bienes Personales declarations if your total assets exceed ARS 6 million
- Maintain Documentation: Keep wallet records, exchange statements, and valuation proofs for 10 years
Critical Mistakes to Avoid With Airdrop Taxes
Common reporting errors include:
- Ignoring “Free” Tokens: Assuming no tax obligation because tokens were unsolicited
- Incorrect Valuation: Using prices from the wrong date or unreliable exchanges
- Omitting Held Assets: Forgetting to declare unsold tokens in wealth tax filings
- Mixing Personal/Business: Failing to separate occasional airdrops from professional crypto activities
- Late Reporting: Missing annual declaration deadlines (typically March-June)
Airdrop Tax FAQs for Argentine Residents
Q: Are all crypto airdrops taxable in Argentina?
A: Yes. AFIP considers any token received as income, regardless of how it was obtained.
Q: How do I value airdropped tokens with no immediate market price?
A: Use the closest comparable token’s value or wait for listing. Document your valuation method.
Q: Do I pay taxes if I immediately sell the tokens?
A: You pay income tax on the receipt value. Capital gains tax may apply if sold later at a profit.
Q: How are airdrops treated for non-residents?
A: Non-residents pay 24.5% flat tax on Argentine-sourced crypto income via withholding agents.
Q: Can I deduct transaction fees?
A: Yes. Network fees incurred to claim or sell airdrops are deductible from taxable income.
Always consult a certified Argentine tax professional for personalized advice, especially with complex cases like DeFi airdrops or NFT distributions. Staying compliant protects you from penalties while supporting Argentina’s evolving crypto ecosystem.
🔥 Zero Investment. 100% Profit. $RESOLV Airdrop!
🆓 Get your hands on free $RESOLV tokens — no payments, no KYC!
⏰ Register now and claim within 30 days. It's that simple.
💹 Start your journey to crypto success with zero risk.
🎯 This isn’t a drill. It’s a real shot at future earnings.
🚨 Only early users benefit most — don’t miss the moment!