Commitment made before the OECD Global Forum, announced on September 14, 2026
The Organisation for Economic Co-operation and Development (OECD) is an international organization that brings together the world’s major economies and sets common standards on tax matters. Argentina has committed before its Global Forum on Transparency and Exchange of Information for Tax Purposes to implementing the Crypto-Asset Reporting Framework (CARF).
What does it establish?
CARF does not create a tax. It is a system that allows tax authorities in different countries to exchange information on their taxpayers’ crypto-asset transactions. As a result, ARCA (Argentina’s Tax and Customs Authority) will be able to learn about transactions that Argentine taxpayers carry out through foreign platforms. To that end, it requires Virtual Asset Service Providers (VASPs), to do two things:
- Identify their users. They must ask each user to declare where they pay taxes and what their tax identification number is. If an existing customer fails to do so within 12 months, the VASP must stop doing business with them.
- Report their transactions. Once a year, they must report each user’s purchases, sales, exchanges and transfers of crypto-assets to the tax authority of their own country. That authority then sends the information to the country where the user pays taxes.
Why does it matter?
For now, it is only a commitment. Argentina has not yet issued any rule to put CARF into effect. That rule will have to define the competent authority, the obligations of VASPs and the applicable penalties. The information exchange agreement with other countries must also be activated.
In addition, CARF should not be confused with the reporting regime under ARCA General Resolution No. 5804/2025. Under that domestic regime, platforms report monthly to ARCA on their users. CARF, by contrast, targets transactions abroad, which ARCA will receive from the tax authorities of other countries.
Finally, the timeline is shorter than it seems. Each country has nine months after the end of a year to send the information for that year. Therefore, if the first exchange takes place in September 2029, VASPs would already need to collect information on their 2028 transactions.
