Draft document, pending legal review. This is not final legal text.
Tax treatment
This document is not tax advice
It is a neutral description of the taxes that may reasonably reach an operation like this one, written so you can take it to your accountant. It does not replace that consultation and does not anticipate it: the treatment that applies depends on your personal situation, your tax residence, and the final structure of each series, which is not settled yet.
It is marked as a draft and depends on professional review. If any paragraph here contradicts what your adviser tells you, your adviser prevails.
Why we cannot tell you how much you will pay
Three reasons, and none of them is an excuse.
The first is that the structure is not settled. What you acquire is a personal claim against the vehicle issuing the series, not a real right over the property: that much is defined, and the risk warning explains it in detail. What is not defined are the details of each series, and the tax treatment depends on those details, not on the nature. Until each series structure is signed, any number we put here would be invented.
The second is that it depends on you. An individual resident is not the same as a company, nor is one tax residence the same as another, nor the same position held for six months the same as one held for five years.
The third is that the rules change. A document asserting a rate today would be a document that lies tomorrow without anyone noticing.
Which taxes may come into play
This list is indicative and not exhaustive. It is there so you know what to ask, not so you can calculate.
Income tax. A result from holding or transferring the position may be reached. How the income is classified and at what rate depends on the legal nature of the instrument and on your status as a taxpayer.
Personal assets tax. The holding as at 31 December may form part of the base, and the valuation depends on how the asset is classified.
Value added tax. It may reach services invoiced around the operation. Whether the instrument itself falls within its scope depends on how it is classified, and that classification is precisely what is not settled.
Turnover tax and stamp duty. These are provincial taxes, so they depend on the jurisdiction, and stamp duty may reach the instruments that get signed.
Withholding and collection regimes. If payments exist at some point, withholding agents designated by the rules may exist too.
What the platform does and does not do
It does not withhold or collect taxes. In this version no money moves, so there is no payment on which to withhold.
It does not issue tax certificates or withholding receipts.
It does not file returns for you, nor report your position to any tax authority on your behalf.
It does publish the data your accountant will ask you for: the detail of your position, the dates and the hash of the documents you signed are in your dashboard, behind your session. They are not on the public transparency page, and that is not an oversight: publishing there what each person signed would expose their participation, which is exactly what this platform's leak control exists to prevent.
If in a future version the platform becomes obliged to act as an information or withholding agent, that will be stated here and in the corresponding notice, with the rule that obliges it cited.
Tax residents outside Argentina
If you are taxed in another jurisdiction, the rules of your country on foreign source income may apply on top of the above, and possibly a double taxation treaty. We do not assess your situation: it is a consultation you have to make before participating, not after.