{

“title”: “How to Report Airdrop Income in Argentina: Your Complete Tax Guide”,
“content”: “

What is Airdrop Income?

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Airdrops occur when cryptocurrency projects distribute free tokens directly to users’ wallets, often as promotional rewards or network incentives. In Argentina, these tokens hold monetary value the moment you gain control over them. Unlike traditional income, airdrops don’t involve cash transactions but are considered “in-kind” earnings under Argentine tax law. Whether you receive tokens for holding other cryptocurrencies, completing social media tasks, or through random selection, the market value at receipt date creates a taxable event.

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Is Airdrop Income Taxable in Argentina?

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Yes. According to Argentina’s Income Tax Law (Ley de Impuesto a las Ganancias), airdrops qualify as miscellaneous income and are subject to taxation. The Argentine Tax Authority (AFIP) treats them similarly to other crypto earnings like mining or staking rewards. Key considerations:

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• Tax Rate: Airdrop income falls under the progressive scale for non-salaried income, with rates from 5% to 35% based on total annual earnings.

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• Tax Trigger: Tax liability arises when tokens enter your wallet and you gain disposal rights.

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• Valuation: Use the token’s market value in Argentine Pesos (ARS) at the exact time of receipt, based on reputable exchange rates.

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How to Report Airdrop Income in Argentina: Step-by-Step Guide

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1. Track Every Airdrop: Record the date, token amount, and ARS value at receipt using tools like CoinGecko or exchanges. Save wallet transaction IDs.

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2. Calculate Total Annual Income: Sum the ARS value of all airdrops received during the fiscal year (January 1 – December 31).

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3. Complete Form 572: Report under “Rentas de Otras Fuentes” (Other Source Income) in Section G. Specify “Cripto Airdrops” as the income type.

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4. Convert to ARS: Use the average USD/ARS exchange rate published by AFIP for the receipt date if valuing via USD pairs.

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5. File Through AFIP: Submit digitally via Monotributo (for small earners) or the Ganancias system by the annual deadline (typically June/July).

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6. Pay Applicable Taxes: Settle dues via bank transfer or AFIP payment channels within 20 days of filing.

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Common Mistakes to Avoid When Reporting Airdrops

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• Ignoring Small Airdrops: Even minor token distributions must be declared if their cumulative value exceeds exemption thresholds.

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• Incorrect Valuation: Using current prices instead of historical values at receipt date inflates/deflates tax liability.

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• Missing Documentation: Failing to keep screenshots or blockchain proofs risks challenges during AFIP audits.

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• Double Taxation Confusion: Selling airdropped tokens later triggers capital gains tax separately – don’t mix income and capital events.

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• Using Personal Wallets for Receipt: Always use self-custody wallets; exchanges may not provide transaction