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Understanding Airdrop Income and Argentine Tax Laws
In Argentina, cryptocurrency airdrops – free distributions of tokens to wallet holders – are considered taxable income by the Federal Administration of Public Revenues (AFIP). Whether you receive tokens from DeFi protocols, NFT projects, or blockchain networks, these assets have monetary value and must be declared. Argentina treats crypto similarly to foreign currency under AFIP regulations, meaning airdrops fall under the “Ganancia de Cuarta Categoría” (fourth category income) for individuals. Failure to report can trigger audits, penalties of 50-100% of owed tax, or legal action.
Step-by-Step Guide to Declaring Airdrop Income
- Record Transaction Details: Document the date of receipt, token name, quantity received, and USD value at the time of acquisition (use exchange rates from platforms like Binance or CoinGecko).
- Convert to Argentine Pesos (ARS): Calculate the ARS value using the official AFIP exchange rate (Cotización Oficial) on the receipt date.
- Complete Form F.572 Web: Log into AFIP’s online system (Monotributo or RG General), navigate to “Servicios” > “Impuestos” > “Bienes Personales,” and declare under “Criptoactivos.”
- Specify Income Source: Select “Rentas de Cuarta Categoría” and enter the ARS-converted airdrop value as “Otros Ingresos.”
- Pay Applicable Taxes: Depending on your total annual income, rates range from 5% to 35%. Use AFIP’s “VEP” payment system for settlement.
Key Considerations for Accurate Reporting
- Valuation Timing: Taxable value is locked at reception date – subsequent price fluctuations don’t affect declared amount.
- Documentation: Keep screenshots of airdrop announcements, wallet transaction IDs, and exchange rate proofs for 10 years.
- Monotributo vs. RG General: Monotributistas report annually via Bienes Personales; registered taxpayers (RG General) declare monthly.
- Double Taxation: Argentina has treaties with countries like Spain and Italy to avoid duplicate taxation on crypto income.
- Stablecoin Airdrops: USDT/USDC airdrops follow the same rules – convert using AFIP’s USD rate.
Consequences of Non-Compliance
AFIP actively monitors crypto transactions through virtual wallet tracking systems. Undeclared airdrops may result in:
- Fines equal to 100% of evaded tax + interest
- Asset freezing on local exchanges (e.g., Buenbit, Lemon)
- Criminal charges for amounts exceeding ARS 1.5 million (approx. USD 1,500)
Frequently Asked Questions (FAQ)
Q: Are small airdrops under ARS 100,000 taxable?
A: Yes. Argentina has no minimum threshold for crypto income – all airdrops must be declared regardless of value.
Q: How do I report airdropped NFTs?
A: Declare the USD market value at reception date under “Otros Bienes” in Form F.572 Web. If sold later, capital gains apply.
Q: Can AFIP track my foreign wallet airdrops?
A: Yes. Through international agreements like CRS, AFIP receives data from platforms like MetaMask or Trust Wallet.
Q: Do I pay taxes if I never sell the airdropped tokens?
A: Yes. Taxation occurs upon receipt, not sale. The value at acquisition date is taxable income.
Q: What exchange rate should I use for valuation?
A: Always use AFIP’s official USD rate for the day of receipt, available on their website.
Disclaimer: Tax regulations evolve rapidly. Consult a certified Argentine tax accountant for personalized advice. This guide reflects rules as of Q3 2024.
🔥 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!
