How to Report Staking Rewards in Argentina: Complete Tax Guide 2024

Understanding Staking Rewards Taxation in Argentina

In Argentina, cryptocurrency staking rewards are treated as taxable income by the Federal Administration of Public Revenues (AFIP). When you earn rewards through staking crypto assets like Ethereum, Cardano, or Solana, these earnings are considered “income from movable capital” under local tax laws. Unlike some countries that classify staking as capital gains, Argentina taxes these rewards at your personal income tax rate during the fiscal year they’re received. The tax rate ranges from 5% to 35% based on your total annual income bracket. All residents and tax-domiciled individuals must declare staking rewards, regardless of the amount or cryptocurrency type.

Step-by-Step Guide to Reporting Staking Rewards

1. Track Your Rewards: Use blockchain explorers or staking platform reports to document every reward received, noting dates and market values in ARS at time of receipt.
2. Convert to Argentine Pesos: Calculate the ARS value using the official exchange rate published by the Banco de la Nación Argentina on the day you received each reward.
3. Complete Form 572: Report total annual staking income under “Rentas de Capital Mobiliario” (Box 5) in your annual income tax return (Declaración Jurada).
4. Calculate Tax Owed: Apply your corresponding income tax bracket rate to the cumulative staking rewards after allowable deductions.
5. Submit via AFIP: File electronically through AFIP’s “Monotributo” system or via a certified tax professional before the annual deadline (typically June).

Essential Documentation Requirements

• Transaction histories from your staking platform or wallet
• Dated records of ARS conversion rates for each reward
• Proof of cryptocurrency ownership and staking activity
• Bank statements showing fiat conversions (if applicable)
• Previous year’s tax return for reference

Common Reporting Mistakes to Avoid

• Ignoring small rewards: All staking income must be reported, even minor amounts
• Using unofficial exchange rates: Only Banco de la Nación Argentina rates are acceptable
• Missing deadlines: Late filings incur penalties up to 200% of owed tax plus interest
• Incomplete records: Maintain documentation for 5 years as AFIP may audit
• Mixing wallet funds: Keep staking rewards in separate wallets for clearer tracking

Frequently Asked Questions

• Are staking rewards taxed differently than trading profits?

  Yes. While trading profits fall under capital gains tax (currently exempt for individuals), staking rewards are treated as ordinary income subject to graduated tax rates.

• Do I pay tax if I never convert to fiat currency?

  Yes. Taxation occurs upon reward receipt, regardless of whether you convert to ARS or hold in crypto.

• Can I deduct staking expenses?

  Yes. Valid deductions include blockchain transaction fees, staking platform costs, and hardware expenses directly related to reward generation.

• How does AFIP know about my crypto activities?

  Through international data sharing agreements (CRS) and mandatory exchange reporting. Non-compliance risks severe penalties.

• Is there a minimum threshold for reporting?

  No. Argentina requires declaration of all staking income regardless of amount.

Disclaimer: This guide provides general information only. Cryptocurrency regulations evolve rapidly in Argentina. Consult a licensed tax advisor (contador público) registered with AFIP for personalized guidance on your specific situation.