Monday, November 28

AFIP renewed a provision for fintechs and cryptocurrency operators


In this way, fintechs, which are technology companies that offer financial services, may be exempted from paying the 0.25% aliquot of the tax in the case of your accounts used exclusively in the specific development of your activity, insofar as they are exclusive for those operations.

The extension of the term is due to the “high number of registration requests received,” according to the tax authority, in addition to the need to advance in the implementation of the modifications made by decree 796/21.

Said decree establishes that the tax exemptions that until now applied to Payment Service Providers (PSP) – a figure that groups most of the fintech– The collection accounts of virtual wallets that operate with crypto assets will no longer govern.

What are the requirements to register in the Registry

  • Have CUIT in administrative status “Active. Without limits”.
  • Establish the electronic tax address.
  • Have completed the registration and acceptance of biometric data.
  • Have submitted the affidavits corresponding to expired periods.
  • Do not register breaches.

How to enroll in the Registry of Benefits

Each taxpayer must access the service “Tax Benefits in Tax on Debts and Credits in Bank Accounts” with a tax code and enter the data required by the system.

Then, the system will verify the information in its databases and the tax situation declared by the taxpayer. If the controls are passed, the system will indicate whether it is appropriate to provide additional documentation in the office in which the applicant is registered.

The request will be valid for 120 calendar days during which the indicated elements may be provided. Once this period has expired, it will expire and the process will have to be started again for the purposes of the usufruct of the benefit.

If as a result of the controls the procedure is rejected, the system will issue a message stating the reasons for the rejection and, if the situation that gave rise to it is corrected, a new application for registration may be formalized.



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