The check tax stops hitting wallets, exchanges and acquirers

The decree broadens the exemption regime of the check tax (the tax on credits and debits in bank accounts, Law 25,413) by amending Art. 10 of the Annex to Decree 380/2001, without eliminating the tax across the board or touching rates. Changes: (1) PSAVs/crypto — the 'accounts used exclusively for the operations inherent to their specific activities' of Virtual Asset Service Providers registered with the CNV become exempt (Art. 5, which adds three new subsections); (2) electronic payment and/or collection service companies acting for and on behalf of third parties — the exemption on their exclusive-use accounts is extended, including the movements that enable cash deposits and withdrawals, and the case where they also act as complementary financial services agencies (Arts. 1-4); (3) card administrators and BCRA-registered cash-in-transit companies — exemption for their specific operating accounts (Art. 5); (4) the key substantive point: Art. 6 REPEALS the second-to-last paragraph of Art. 10 (introduced by Decree 796/2021), which barred applying any exemption when the funds were linked to cryptoasset operations. Applies to taxable events from Jun 18, 2026. verif · Jun 18, 2026 ↗

2026-06-18 verif · Jun 18, 2026 ↗

CNV-registered PSAVs/crypto exchanges and wallets, electronic payment and collection companies (processors, acquirers, aggregators), card administrators and cash-in-transit companies. Indirectly it lowers costs across the entire digital payments chain and the fintech satellite ecosystem. It is not blanket relief: the check tax remains in force for all other taxpayers. verif · Jun 18, 2026 ↗