Turnover Tax Rules for Crypto in the City of Buenos Aires

Resolution 93/2026, published in the Official Gazette on March 12, 2026, establishes the rules for calculating the turnover tax base for cryptocurrency transactions in the City of Buenos Aires. The Resolution implements the amendment that Law 6926 had introduced to article 231 of the Tax Code, which included cryptocurrency buy-sell transactions as a new special tax base case arising from the difference between the purchase and sale prices.
 

How does the Tax Code define “cryptocurrency”?

Article 231(7) of the Tax Code defines “cryptocurrency” as a digital representation of value that is not considered currency or foreign exchange and that is neither issued nor guaranteed by a central bank or public authority. However, they are accepted by individuals or legal entities as a means of payment and can be transferred, stored, or traded by electronic means.

How are the purchase and sale prices determined?
 

• Purchase price: it includes the cryptocurrency’s acquisition cost plus the fees the intermediary charges and invoices to the taxpayer (e.g., an exchange).
• Sale price: it is the total amount obtained from the transaction, minus the fees the intermediary charges and invoices to the taxpayer.

What about swaps?

Each cryptocurrency is valued on the date of purchase and sale (correspondingly). Quotations must come from markets (exchanges) operating through a Central Order Book—where trades are executed through orders matched on a price-time priority basis—or from companies (brokers/dealers) trading against their own inventory. In both cases, these entities must be registered before the Virtual Asset Service Providers Registry of the Argentine Securities Commission (General Resolution 1058/25) or before the registry or authority that replaces it in the future.