Tax on Credits and Debits: New Exemptions

Decree 475/2026, published in the Official Gazette on June 18, 2026, introduced relevant changes to the Tax on Credits and Debits in Bank Accounts, broadening exemptions and aligning the treatment of different participants with new operational realities. The changes seek to adapt the rules to technological developments and the new applicable regulatory framework, and to equalize the treatment of parties that, although carrying out similar activities, were subject to different tax treatment.

Virtual Asset Service Providers 

The Decree added to article 10 of the Annex to Decree 380/2001 an exemption for accounts used exclusively for operations inherent to the specific activity of virtual asset service providers (VASPs), if they are registered before the Registry of Virtual Asset Service Providers under the Argentine Securities Commission (CNV). Until now, the flows of these platforms were subject to the Tax like any other account.

The benefit is not automatic: the accounts must be registered with the Registry of Tax Benefits (the Registry), created through General Resolution 3900/2016 and now administered by the Argentine Tax Authority (ARCA). The exemption requires exclusivity and only includes the accounts allocated to the operations inherent to the VASP's activity.

In addition, the Decree repeals the second-to-last paragraph of section 10, which had been added through Decree 796/2021. That paragraph provided that the Tax exemptions did not apply when fund movements were linked to transactions involving crypto-assets, cryptocurrencies, digital currencies, or similar instruments. As a result, the restriction that prevented crypto-related transactions from accessing the exemption regime has been removed and, at the same time, the exemption for the accounts of registered VASPs has been expressly recognized.

Companies providing electronic payment and collection services on behalf of third parties

 The Decree clarifies and broadens the exemption applicable to accounts used exclusively for business by companies providing electronic payment and/or collection services on behalf of third parties for public utility bills, taxes, and other services. The exemption now expressly includes account movements enabling the delivery or deposit of cash into bank or payment accounts, as well as the accounts that such companies’ official agents use, if they use exclusive accounts for those transactions. The Decree also clarified that the benefit extends to these companies’ exclusive accounts when they also act as complementary financial services agencies and that it covers the movements they make in connection with the above tasks.

Other sectors benefited 

The Decree also:

•    Broadened the exemption for accounts used exclusively to administer payment services for goods and services provided to final consumers on behalf of third parties (registered before the Registry). The benefit now also extends to accounts used exclusively by parties that move third-party funds to carry out those transactions, if the recipient is a final consumer and such parties are also registered with the Registry.

•    Exempts from the Tax the accounts used exclusively by companies operating credit, purchase or debit card systems, regarding debits arising from bank loans intended to finance their activity and of the credits and debits arising from the issuance and redemption of notes (obligaciones negociables) issued for that purpose.

•    Exempts from the Tax cash-in-transit companies with respect to the exclusive accounts they use to remit collected cash to its owners, if they are registered with the Registry of Valuables Carriers maintained by the Argentine Central Bank (BCRA).

Effective date 

The Decree is effective as from its publication date and applies to taxable events occurring on or after that date.