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Market News

Argentina’s Mendoza Tax Administration to Accept Tax & Fees in Crypto

Written By Rupal Sharma
Published 2022-08-30·Updated 1 year ago
Make The Crypto Times preferred on GoogleGoogle

Mendoza Tax Administration (ATM), a tax authority in Argentina’s western province, announced the integration of a new feature on the official website of the government that enables taxpayers to pay taxes and fees using cryptocurrencies.

On August 27, the official announcement stated that the ATM added the “Pay online” button on the website. The move is part of the Mendoza Tax Administration initiative of modernization and innovation.

Also Read: Buenos Aires Accepts Tax Payment via Cryptocurrencies

However, the settlement for tax will not be fully controlled by the administration yet. The tax paid in the cryptocurrencies will be converted into pesos by an unknown online payment service company and then it will be handed over in cash to the government.

Disclaimer: The information researched and reported by The Crypto Times is for informational purposes only and is not a substitute for professional financial advice. Investing in crypto assets involves significant risk due to market volatility. Always Do Your Own Research (DYOR) and consult with a qualified Financial Advisor before making any investment decisions.

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