Particle.news
Download on the App Store
25 ARTICLES
·
yesterday

Buenos Aires Extends Tax Withholding to Digital Wallet Credits, Phasing In From October

The province says the SIRCUPA move aligns collection with other jurisdictions and adds a higher ARS 3.5 million express‑refund cap to ease cash‑flow pressure.

Image
La medida ya había sido impuesta en otras 20 jurisdicciones del país.
Usuarios de billeteras virtuales deberán afrontar un nuevo gravamen en la provincia de Buenos Aires
Compras con billetera virtual

Overview

  • ARBA’s Resolution 25/2025 makes payment‑service providers withholding agents on amounts credited to payment accounts, using the national SIRCUPA system.
  • Enforcement begins on October 1 for PSPs already listed as agents and on November 1 for other qualifying providers, with reporting and deposits to provincial fiscal accounts required.
  • The regime covers credits in pesos and most foreign currencies except U.S. dollars for local and Multilateral Agreement taxpayers, with exclusions such as salaries, pensions, exports, transfers between the same owner, and certain financial receipts.
  • Withholding rates vary by registered activity and can reach up to 5%, affecting major platforms including Mercado Pago, Ualá, Naranja X and Personal Pay.
  • Officials stress it is not a new tax but harmonization with other provinces, and they raised the online express refund threshold to ARS 3.5 million as experts warn of potential liquidity strains from accumulated credits.