Headwinds for Argentina´s Silicon Valley: New Provincial Tax Law Eyes Crypto Activities

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Headwinds for Argentina´s Silicon Valley: New Provincial Tax Law Eyes Crypto Activities


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RIO DE JANEIRO, BRAZIL – The central province of Córdoba, Argentina’s second technology hub behind Buenos Aires, appears to have had enough of waiting for the national government to act on crypto tax – and has instead moved to introduce a local tax on the crypto activities of its residents. Known as the country’s Silicon Valley, several hundreds technology firms already call the city home.

The province recently modified its Tax Code to include in gross revenues “the provision of services of any nature, directly or indirectly linked to operations related to digital currencies.” With this, it will impose . . .

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