The Argentine Chamber of Deputies passes the Cryptocurrency Tax Standardization Bill

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Bitget2024/05/06 05:56

The Argentine Chamber of Deputies has passed a bill to standardize cryptocurrency taxation, aimed at advancing a series of important government reforms. The bill introduces the possibility of regularizing previously undeclared cryptocurrency assets up to $100,000 without having to pay fees levied by the government. However, if the value of cryptocurrency assets exceeds this limit, the government will apply preferential tax rates based on the taxpayer's declaration date.

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