In force since Jun 18, 2026
Check tax: digital wallets and payment platforms are exempt
Decreto 475/2026 (Official Gazette Jun 18, 2026)
in forceNATIONALApplies the same nationwide
Fiscal and monetary anchor
Decreto 475/2026 exempts from the check tax the accounts of crypto exchanges registered with the CNV and of electronic payment companies.
The other rules on this subject23
Fiscal Package: asset amnesty, moratorium and tax cutsLey 27.743 (Official Gazette Jul 8, 2024)in force
Fiscal anchor: surplus two years in a rowExecutive execution policy on the extended budget (Decreto 1131/2024)in force
Payment to the creditors who stayed out of the swap: closing the 2001-default lawsuitsLey 27.818 (promulgated by Decreto 564/2026, Official Gazette Jul 1, 2026)in force
What changed and who it applies to
What changed
The decree broadens the exemption regime of the check tax (the tax on credits and debits in bank accounts, Ley 25.413) by amending Art. 10 of the Annex to Decreto 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 Decreto 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 ↗
In force
2026-06-18 verif Jun 18, 2026 ↗
Who it applies to
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 ↗
The norm
Decreto 475/2026 of the national Executive Branch, published in the Boletín Oficial on Jun 18, 2026. It amends the Annex to Decreto 380/2001 (implementing regulation of the tax on credits and debits, Ley 25.413). verif Jun 18, 2026 ↗
Our reading
Another distortionary tax in retreat: the State stops making the operations of wallets, exchanges and payment acquirers more expensive, and erases the specific penalty that had weighed on cryptocurrencies since 2021. Less tax friction and clear rules for the fintech infrastructure that moves the real economy's payments (R4 · opening and deregulation). thesis
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