How to Report Staking Rewards in Argentina: Your Complete Tax Guide

Understanding Staking Rewards and Tax Obligations in Argentina

In Argentina, staking rewards from cryptocurrencies like Ethereum, Cardano, or Solana are considered taxable income by the Federal Administration of Public Revenue (AFIP). As crypto adoption grows, understanding how to accurately report these earnings is crucial to avoid penalties. Staking involves locking your crypto assets to support blockchain operations, and in return, you earn rewards—typically in the same cryptocurrency. Under Argentine tax law, these rewards are treated as “income from movable capital” and must be declared annually in your tax return, regardless of whether you converted them to pesos. Failure to report can result in fines up to 200% of the evaded tax plus interest.

Step-by-Step Guide to Reporting Staking Rewards

Follow this structured process to ensure compliant reporting:

1. Track All Rewards: Use tools like Koinly or CoinTracker to log every staking reward transaction, noting dates, amounts in crypto, and market value in ARS at receipt.
2. Convert to Argentine Pesos: Calculate the ARS value of rewards using the exchange rate on the day you received them (AFIP accepts rates from local exchanges like Buenbit or global averages).
3. Determine Taxable Income: Sum all rewards’ ARS values for the fiscal year—this total constitutes your taxable income from staking.
4. Include in Annual Tax Return: Declare the amount under “Ganancias de Capital” (Capital Gains) in Form F.572 web when filing your annual income tax (Impuesto a las Ganancias).
5. Pay Applicable Taxes: Income tax rates range from 5% to 35% based on your total annual earnings bracket. Use AFIP’s online portal for payment.

Documents and Information Required for Reporting

Gather these essentials before filing:

• Detailed transaction history from your staking platform or wallet (e.g., dates, reward amounts).
• Proof of exchange rates for conversion dates (screenshots from AFIP-approved sources or exchange APIs).
• Records of any associated costs (e.g., transaction fees for claiming rewards).
• CUIL/CUIT identification number for tax identification.
• Previous tax returns for reference on income brackets.

Tip: Maintain records for at least 5 years—AFIP may audit past filings.

Common Mistakes to Avoid When Reporting Staking Rewards

• Ignoring Small Rewards: Even trivial amounts must be reported—AFIP considers all income cumulative.
• Using Incorrect Exchange Rates: Always use the ARS market value at the exact time of reward receipt, not when sold.
• Forgetting Cost Basis Adjustments: If you later sell staked crypto, track original acquisition costs separately to avoid double taxation.
• Missing Deadlines: Annual tax returns are due in April-May for the prior year; late filings incur progressive penalties.
• Overlooking Foreign Platforms: Argentinians must declare global income, including rewards from international exchanges like Binance or Coinbase.

Frequently Asked Questions (FAQ)

Are staking rewards taxed differently than mining or trading?
No—all crypto-generated income falls under the same “movable capital” category. However, mining may involve deductible operational costs.

Do I pay taxes if I only stake stablecoins?
Yes. Even if rewards are in stablecoins (e.g., USDT), their ARS value at receipt is taxable income.

Can I deduct staking-related expenses?
Currently, Argentina doesn’t allow deductions for costs like validator fees or hardware. Only brokerage fees when selling rewards may offset capital gains later.

What if I stake via an Argentine exchange like Lemon?
Platforms may issue tax forms, but you’re still responsible for accurate reporting. Cross-check their data with your records.

How does AFIP detect unreported staking income?
Through bank transaction monitoring, exchange reporting agreements (e.g., with Binance), and blockchain analysis tools. Non-compliance risks audits.

Is there a tax exemption threshold?
No specific crypto exemption. If your total annual income exceeds ARS 2,340,000 (2024 threshold), you must declare all staking rewards.