The AFIP announced that it had discovered a series of irregularities involving at least 184 taxpayers, who failed to refer to their digital and cryptocurrency holdings in tax statements.
The Argentine tax authority is increasing its scrutiny when it comes to digital wallets. The institution recently revealed it found irregularities in at least 184 tax statements that include digital wallets and cryptocurrencies. These taxpayers did not include their wallet holdings as part of their 2021 tax statements, leaving close to $7.6 million in such assets undeclared.The Argentine tax authority has ramped up its vigilance for digital and cryptocurrency taxes.
The AFIP explained this was the result of cross-referencing the data provided by taxpayers with the information available in the databases of the institution, which let it know some individuals underreported their holdings in crypto and digital wallets, while others did not report their holdings in their entirety.
Throughout the year, as a result of the increase in transactions and variations in their valuation, users who choose to operate through P2P platforms have visibly multiplied.
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