Milei Proposes Favorable Crypto Tax Rates for Argentines Declaring Holdings
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Declaring domestic and foreign crypto holdings in Argentina could qualify citizens for favorable tax rates under a draft bill by President Milei.
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The bill aims to legalize and incentivize declaration of crypto assets regardless of origin or where they are held.
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Declarations before March 31 would qualify for a 5% tax rate, increasing to 15% by November 30.
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Argentina has previously targeted undeclared cash and assets held abroad through amnesty programs given economic troubles.
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The crypto industry welcomed Milei's election, though his omnibus bill faces backlash over proposed sweeping reforms.