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Latam Insights: Bukele Slashes Import Duties in El Salvador, Argentina Enacts Crypto Tax Normalization

2024-07-22 by admin Leave a Comment

Latam Insights: Bukele Slashes Import Duties in El Salvador, Argentina Regulates Crypto Tax Regularization

Welcome to Latam Insights, a compendium of Latin America’s most relevant crypto and economic news during the last week. In this issue: President Nayib Bukele eliminated import taxes for basic products for a decade in El Salvador, Argentina defined rules for regularizing cryptocurrency assets, and OFAC sanctioned the Venezuelan gang Tren de Aragua. President Bukele […]

Argentina Defines Rules for Normalization of Previously Undeclared Assets, Including Cryptocurrency

2024-07-17 by admin Leave a Comment

Argentina has recently released the rules that will govern the previously approved legislative package affecting the inclusion of cryptocurrency and other undeclared assets in the country’s tax system. The benefits will only be available to taxpayers who hold their assets in registered VASPs. These taxpayers will be exempt from taxes for up to $ …