Argentina Joins 77 Jurisdictions Committing to OECD Crypto Tax Framework

Argentina has committed to implementing the OECD's Crypto-Asset Reporting Framework by September 2029, joining 77 other jurisdictions that have already adopted this framework for cross-border crypto tax information sharing.

The country will require crypto exchanges and other covered providers to collect customer identification and transaction data for reporting under CARF. This means they'll need to gather information such as a user's name, address, jurisdiction of tax residence, and tax identification number, along with transaction data covering purchases, sales, and transfers by crypto asset.

While CARF does not create a new crypto tax by itself, Argentina must still incorporate the standard into its domestic law before exchanges begin reporting. The framework is designed to give tax authorities standardized information about crypto transactions involving their residents, helping to address tax evasion and avoidance risks associated with crypto.