Novedades Destacadas

• Restricciones cambiarias y acceso al MULC (importaciones)
• Ampliación períodos de “parking” para operaciones con títulos
• Programa de Incremento Exportador
• Registro Fiscal de Actividades Mineras
• Régimen de Incentivos al Abastecimiento Interno de Combustible (RIAIC)

LEGISLATION

Communication “A” 7746/23 – Access to MULC

By means of Communication A 7746/23, the Central Bank of Argentina (BCRA) set forth that BCRA’s authorization to enter MULC and acquire foreign currency shall be required at least 60 days after the date of the SIRASE approving the import of services provided therein. The Communication also provides certain amendments to the regulations on Foreign Exchange (“Normas de Exterior y Cambios”) regarding payments of services, interest or loans to related counterparties abroad. The Communication provides as well that the term during which a person requesting the authorization to access MULC will not be able to carry out securities transactions shall be extended to 180 days, before and after, unless such securities are issued under Argentine Law.

General Resolution 957/23 - Period of Performance for Settlement of Negotiable Securities

By means of General Resolution Nº 957/2023, the National Securities Commission ("CNV") set forth a required minimum holding term (“parking period”) of one (1) business day for sale operations of securities settled in foreign currency and foreign jurisdiction issued under Argentine law, and a minimum holding term of three (3) business days for such securities issued under foreign law. Such parking periods shall not apply in case of purchase of securities in foreign currency and foreign jurisdiction. The Resolution also provides a parking period of one (1) business day for sale operations of securities settled in foreign currency and local jurisdiction. Such parking period shall not apply in case of purchase of securities in foreign currency. Finally, the Resolution set forth a required minimum holding period of two (2) business days for transfers of securities acquired in Argentine Pesos to foreign depositary entities

Decree 194/23 – Export Increase Program

By means of Decree N° 194/2023 (the “Decree”), the Executive Branch reestablishes, in an extraordinary and transitory way, the Export Increase Program created by Decree N° 576/2022 for those parties who have exported any of the goods provided in the Decree within 18 months prior to the entry into force of the Decree.

Resolution 115/2023 – Export Increase Program (soy)

By means of Resolution Nº 115/2023, the Ministry of Economy regulates certain benefits applicable to the exportation of soy providing, among others, a special exchange rate in order to encourage said operations (“dólar soja”).

Resolution 6/23 – Simplified Joint Stock Companies

By means of General Resolution Nº 6/2023, the Superintendence of Corporations (“IGJ”) set forth a new proceeding for the registration of transformation of Simplified Joint Stock Companies and a special optional procedure for the issuance of corporate books.

Resolution 146/23 – Climate Change

By means of Resolution Nº 146/2023, the Ministry of Environment and Sustainable Development approves the second National Plan for Adaptation and Mitigation to Climate Change.

General Resolution 5333/23 – Mining Fiscal Registry

By means of General Resolution Nº 5333/2023, Tax Enforcement Authority (AFIP) implements the "Fiscal Registry of Mining Activities" as part of the "Special Registries" included in the "Registry System" service approved by General Resolution Nº 2570, mandatory for all parties developing mining activities and its suppliers, among others. Registration within the registry shall not be extended to oil & gas companies.

LATEST NEWS IN THE HYDROCARBON SECTOR

Resolution 217/23 - Incentive Regime for the Internal Supply of Fuels (RIAIC)

By means of Resolution Nº 217/2023, the Secretary of Energy set forth the requirements and the procedure that refining companies must comply with in order to access the benefits of the “Incentive Regime for Internal Fuel Supply” (RIAIC)

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