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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.

Central Bank of Argentina Republic Establishes Maximum Terms for Crediting Amounts for Sales in a Card Payment

On June 11, 21 the BCRA issued Communication “A” 7305 that provides that, from 7/1/21, for financial institutions to credit to the deposit account opened in the name of the supplier or affiliated merchant the amount of each sale made in a payment using credit cards or purchase that they have issued, the maximum period will be: MORE.

Creation of the Gender and Diversity Training Program for the Private Sector: To Form Equality

On June 11, 2021, Resolution 254/2021 issued by the Ministry of Women, Gender and Diversity was published in the Official Gazette of the Nation, creating a Gender and Diversity Perspective Training Program for the Private Sector: “Form Equality.” MORE.

The seretariat of internal trade orders Whatsapp to refuse from implementing updates in the conditions of Service and Privacy Policy

On May 17, 21, Resolution No. 492/2021 of the Ministry of Internal Trade was published in the Official Gazette, ordering the Argentine subsidiaries of Facebook Inc. and/or Facebook Ireland Limited and/or WhatsApp INC. and/or WhatsApp LCC and/or WhatsApp Ireland Limited: MORE.

Amendment of the system applicable to foreign companies – IGJ Resolution 8/2021

On May 17, 2021, Resolution No. 8/2021 (the “Resolution”) of the General Inspectorate of Justice (“IGJ”) was published in the Official Gazette, which modifies the regime applicable to companies incorporated abroad that apply for registration with the IGJ in the terms of Article 118 or 123 of the General Companies Law (“LGS”).  MORE.

Modification of the procedure for the application of CUIT, modification of data of legal entities and tax registration

On May 17, 2021, General Resolution No. 4991/2021, issued by AFIP, was published in the Official Gazette, whereby a new procedure was approved for the application for the Unique Tax Identification Code (CUIT) and modification of data of legal entities. MORE.