The asset regularization clause has been removed from the Law of Bases and Starting Points for the Freedom of Argentines.
The option to legalize crypto holdings, even if they’re overdue on tax declarations, has been dropped from the ambitious package of reforms that the new government of the self-proclaimed libertarian Argentine President Javier Milei introduced in the country’s parliament.
The Argentine tech-focused outlet iProUP reported on Jan.27 that the clause about asset regularization suggesting a single-time tax on various types of previously undeclared assets has been cut out of the Law of Bases and Starting Points for the Freedom of Argentines — an omnibus bill aiming to kickstart Milei’s policy agenda.
This part of the bill proposed a simple tax of 5% on all assets, declared by the end of March 2024, 10% from April until the end of June 2024 and 15% from July until the end of September.
