, 2022-12-24 10:46:17,
The Buenos Aires province in Argentina gave the go-ahead for a plan to include crypto mining as a taxable activity for the upcoming calendar year. 4% of the revenue generated by these operations will be required, according to a document presented by the province’s governor, Alex Kicillof, for the activity formally referred to as “Processing and validation services for crypto assets and/or cryptocurrency transactions (crypto asset and/or cryptocurrency mining)”
In the document, presented by the governor of the province, it establishes the “Processing and validation services for crypto assets and/or cryptocurrency transactions. However, it is yet unclear if Crypto Staking will be subject to taxation.
The taxes would be paid to the government of the province, and would not be related to any other taxes established by the Argentine national government. The document further clarifies that this tax will apply only when the hardware used to deploy this activity is located in the province’s jurisdiction.
This tax regime will begin to be applied in January, but there are still some elements undefined around the implementation of this new tax.
The doubts that analysts have…
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