Argentina has published Decree 796/2021 of 16 November 2021, which amends the Tax on Credits and Debits in Bank Accounts and Other Operations established by Law 25.413 of 24 March 2001 and regulated by Decree 380/2001. One of the key amendments is in relation to Decree 301/2021, which introduced amendments to provide provided equal treatment for transactions made through the traditional banking system and payment transactions made through payment accounts on online platforms, with certain exemptions. In this respect, Decree 796/2021 specifically provides that the exemptions from the tax do not apply in cases where movements of funds are linked to the purchase, sale, exchange, intermediation and/or any other operation involving crypto assets, cryptocurrencies, digital currencies, or similar instruments, in the terms defined by applicable regulations. Decree 796/2021 also provides further rules on the operation of payment service providers.
Decree 796/2021 is effective from 17 November 2021.