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New Extension of Restrictions on Foreign Payments

On 12/9/21, the Central Bank of the Argentine Republic issued Communication “A” 7416, which provided MORE.

The BCRA Regulates the Providers of Credit Services Through Platforms

Through Communication “A” 7406 of 11/25/21, the BCRA regulated the activity of Credit Service Providers between Individuals through Platforms ( PSCPP ), effective as of 3/1/22. MORE.

Flexible Restrictions for Payments of Capital Goods Imports

On 11/25/21 the BCRA issued Communication “A” 7408 that ratifies the validity of the exception to the prior authorization of the BCRA to make advance payments of imports for the acquisition of capital goods (concept codes B12, B20 and B21 ) effective from 12/1/21, with the presentation by the client of an affidavit stating that the payment in progress plus the amount pending regularization for payments for such concept, from 12/1/21, does not exceed US $ 1,000,000. MORE.

Modifications to the Definition of Final Beneficiary – IGJ and DPPJ

On November 23, General Resolution No. 17/2021 of the General Inspection of Justice ( IGJ ) was published, which adapted its definition of Final Beneficiary to the one recently established by the Financial Information Unit (UIF). MORE.

Regulation of the Tax Relief Law

Through General Resolution 5101/2021 published in the BO of the Nation on November 19, 2021, the AFIP regulated Law No. 27,653 on tax relief enacted at the beginning of November. MORE.

Tax Relief Law – COVID19 Pandemic

On November 11, 2021, Law No. 27,653 was published in the Official Gazette, promulgated by Decree No. 777/2021, which implemented a Tax Relief Regime that includes new forgiveness of tax, customs and social security debts for certain taxpayers, as well as the extension and extension of the moratorium implemented by Law 27,541, modified by Law 27,562. MORE.

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Modify Rules for Imports of Goods and Payments Abroad

On 10/28/21, the BCRA issued Communication “A” 7385, which provides: MORE.

The UIF Redefines the Final Beneficiary. Measures and Procedures for Identification by Obligated Subjects

On 10/21/2021, Resolution UIF No. 112/2021 was published in the Official Gazette, which establishes the measures and procedures that Obligated Parties must observe to identify the Final Beneficiary. MORE.

Maximum Sales Prices Were Set to the Final Consumer Until January 2022

On 10/20/2021, Resolution No. 1050/2021 of the Ministry of Internal Trade was published in the Official Gazette of the Nation, by means of which the Maximum sale prices to the final consumer, for all producers, marketers and distributors of the products indicated in the Annex. MORE.