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New Exchange Restrictions: Securities Operations

On 10/7/21 the BCRA issued Communication “A” 7327 which introduced new restrictions for outflows through the foreign exchange market (“MLC”), for clients trading securities. MORE.

Rules for Display in Wholesale Establishments

Through Resolution No. 696 of the Ministry of Internal Trade, published in the Official Gazette of July 8, 2021 , certain rules were established regarding wholesale establishments within the framework of the Gondolas Law. MORE.

Modifications to the Social Security Option Regime for Employees

On July 7, 2021, decree number 438/2020 issued by the President of the Nation was published in the Official Gazette, which modifies issues related to the option that employees have to choose their affiliation to social works. MORE.

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Our podcast Viernes de LegalMente in which we summarize last week’s news. Listen here.

Law for the Promotion of Access to Formal Employment for People of the Travesti-trans Community

Last June 24, the Senate of the Nation passed into law the bill on Labor Inclusion for the Trans, Transvestite and Transgender Community. MORE.

Extension of the Ban on Layoffs until December 31, 2021

By means of DNU 413/2021 published on June 28, 2021, the prohibition of dismissals without just cause or due to lack or reduction of work and force majeure was extended until December 31, 2021. MORE.

Extension of Restrictions on Access to the Local Foreign Exchange Market for Payments Abroad

On June 24, 21 the BCRA issued Communication “A” 7313 which extends and modifies some of the restrictions to access the local foreign exchange market (“MLC”) for foreign payments imposed by Communication “A” 7030. MORE.

Employees dismissed by mutual agreement will be entitled to unemployment benefits

Resolution 346/2021 of the Ministry of Labor, Employment and Social Security published on June 24, 2021 in the Official Gazette established that employees who have signed termination agreements without the possibility of continuing the employment relationship due to objective and generalized factors, in the context of a collective termination of employment contracts in an establishment, branch or sector of activity, will be able to access unemployment benefits. MORE.

Implementation of local currency system with Paraguay

On 6/18/21, the BCRA issued Communication “A” 7308, which provides that, as of 6/22/21, residents will be able to use the Local Currency System with the Central Bank of Paraguay for some operations in pesos and in Guaranies between natural or legal persons residing in both countries. MORE.

Amendments to the Income Tax Law

On June 16, 2021, Law No. 27,630 was published in the Official Gazette, amending the Income Tax Law establishing new staggered aliquots for corporate profits, with three segments depending on the level of accumulated taxable net profit. MORE.