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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.

Virtual Roundtable of International Consulting 2021

This month we will participate in BLITA International’s 2021 Virtual Conference of International Advice. Jorge Eduardo Tutzer, one of our partners, will be one of the professionals who will provide advice on the tax landscape in international business and investment opportunities in Latin America, the Caribbean, the United States, Europe and Asia. MORE.

DEBIT AND CREDITS TAX WILL APPLY TO PSP PAYMENT ACCOUNTS

On May 8, 21 Decree 301/21 was published in the Official Gazette of the Nation, which established that, from August 1, 21st, the Tax on Credits and Debits in Bank Accounts and Other Operations (the “Tax”) will be applied to the movements of funds in payment accounts of payment service providers (“PSP”) and to companies dedicated to the electronic service of payments and / or collections by account and order of third parties. MORE.

MSMES: DEGRAVATION EXPORT RIGHTS

By decree 302/2021 of May 7, 2021, published on May 8, 2021 and effective the day following its publication, export duties were deducted for exports of Micro, Small and Medium Enterprises (MSMEs) on goods included in the tariff positions of the Common Nomenclature of MERCOSUR (NCM) detailed in the annex to the standard, as long as the annual FOB value of the same does not exceed the ceiling of $500,000 inclusive. MORE.

PROCEDURE FOR REGISTRATION OF AWOR STATEMENTS OF MEAT EXPORT OPERATIONS IS ESTABLISHED

By regulation DNCCA 59/2021 of the National Directorate of Agricultural Control of the Ministry of Agriculture, Livestock and Fisheries of May 7, 2021, published on May 8, 2021 and effective the day after its publication, established a procedure for the registration of Affidavits of Meat Export Operations (DJEC), created by joint resolution MDP-MAGP 3/2021 of April 19, 2021, to be made before the aforementioned DNCCA. MORE.

MSMES: RELIEF FROM EXPORT DUTIES

Decree 302/2021 dated May 7, 2021, published on May 8, 2021 and effective as from the day following its publication, exempted from export duties exports of Micro, Small and Medium Enterprises (MSMEs) on goods included in the tariff positions of the Common Nomenclature of MERCOSUR (NCM) detailed in the annex to the regulation, as long as the annual FOB value of such goods does not exceed the ceiling of US$500 thousand inclusive. MORE.