Novedades más destacadas:

• Modificación al régimen de importación de bienes usados
• Creación del Régimen de Promoción de la Economía del Conocimiento
• Prórrogas aplicables a las DDJJ de Impuesto a las Ganancias y Bienes Personale

LEGISLATION

Decree Nº406/2019 – Modification to the Import Regime of Used Goods

Decree Nº406/2019 (the, “Decree”) issued by the Executive Branch modifies the import regime of used goods.
Among others, the Decree increases in 100% the Extra Zone import tax applicable to the goods included in Decree’s Annex I setting forth that the resulting tax shall not be less than 7% or exceed 35%. The Decree also includes a new list of used goods exempted from obtaining the used goods certificate and modifies the lists of used goods subject to this import regime.

Law Nº27,506 – Knowledge Based Economy Law

Law Nº27,506 creates the “Economy of Knowledge Promotion Regime” seeking to encourage economic activities such as software and digital services, audiovisual production, biotechnology, bio-economy, aerospace and satellite industry, engineering for the nuclear industry, among others. The Law grants fiscal benefits for those who adhere to the regime and creates a national registry for said purpose.

Resolution Nº4498/2019 – Income Tax Regulation under Financing Productive Act

Resolution Nº449/2019 issued by Tax Enforcement Authority (“AFIP”) regulates the benefit of income tax deferral for trusts and mutual funds granted under the Productive Act and sets forth the information that these structures must provide their investors for them to comply with their tax obligations. The Resolution applies to profits corresponding to the fiscal periods started as from January 1st, 2018.

Resolution Nº4506/2019 – Income and Personal Assets Tax

Resolution Nº4506/2019 issued by Tax Authority (“AFIP”) defers the submission of income and personal assets sworn statements to July 16th, 2019.

Resolution Nº4510/2019 – Modification of Tax Payment Plan

Resolution Nº4510 issued by Tax Enforcement Authority (“AFIP”) extends up to July 31st, 2019 the possibility to apply for the tax payment plan created under Resolution Nº4477/2019 for those tax payers which pay in advance the 20% of the debt to be cancelled with such plan.

Disposition Nº17/2019 – Public Contracts

Disposition Nº17/2019 issued by the Chief of Staff decides to apply the National Public Administration Contract System COMPR.AR to the execution and finalization stages of public contracts.

Resolution Nº795/2019 – New Requirements for Financial Trustees

Resolution Nº795/2019 issued by the Security Exchange Commission (“CNV”) modifies the requirements to be met by financial trustees, mainly regarding their net worth.

Resolution Nº797/2019 – New Regulations for Corporate Governance Code

Resolution Nº797/2019 issued by the Security Exchange Commission (“CNV”) modifies the requirements to be met by the Corporate Governance Codes which listed companies must submit on an annual basis. The new requirements are in line with the last actualization of OCDE’s principles for corporate governance.

LATEST NEWS IN THE HYDROCARBON SECTOR

Resolution Nº312/2019 – New Values of Gas Charges

Resolution Nº312/2019 issued by Gas Enforcement Authority (“ENARGAS”) increases as from June 1st, 2019 the values of the charge affected to the trusts funds for residential gas consumes subsidies.

Resolution Nº305/2019 – Modification to NAG Rule Nº140 (2016)

Resolution Nº305/2019 issued by Gas Enforcement Authority (“ENARGAS”) approves the amendments to NAG Rule 140 (2016) regarding plastic tubes of polyethylene systems for gas fuels.

Resolution Nº309/2019 – Proposal of New Gas Regulation

Resolution Nº309/2019 issued by Gas Enforcement Authority (“ENARGAS”) calls all interested parties to express their opinions regarding the project of gas regulation “Natural Gas Quality Regulation”.

Law Nº3,655 Santa Cruz – Oil Measuring System

Law Nº3,655 issued by Santa Cruz Province published on June 11th,, 2019 sets forth the obligation to implement an oil measuring system of the production of liquid and gas hydrocarbons in Santa Cruz Province and the transmission of such information in real time to enforcement authority. To such end, companies must submit with the authority their measurement point audit annual plan before March 31 of each year being subject to fines in case of non-compliance with this obligation. Exploitation and exploration companies must inform to the authority within 30 days their measurement points and design the missing measurement points within a 90-day period.

Resolution Nº226/2019 – Deferred Payment of Gas Invoices

Resolution Nº226/2019 issued by the Secretary of Energy (the, “Resolution”) benefits residential consumers of natural gas and undiluted propane with the deferral of payment of 22% of the invoices issued as from July 1st 2019 until October 31st 2019, which shall be paid with the invoices to be issued as from December 1st 2019 in five consecutive monthly installments. The financial cost of this measure will be borne by the National Government. Consumers may refuse the benefit by informing their decision to the distributor company.

Resolution Nº339/2019 – Modifications to Regulations Applicable to Pipelines

Resolution Nº339/2019 issued by Gas Enforcement Authority (“ENARGAS”) modifies the annex “Table of Margins by Hectare” of ENRAGAS Regulation I-3562/15 and Annex “List of Departments with Pipelines where Annual Rain is Inferior to 60 mm and Margin by Hectare Determined by Expert Advisor”.

Resolution Nº68/2019 – Modification to Procedures Before the ENARGAS

Resolution Nº68/2019 issued by the Secretary of Modernization sets forth that the procedures before the ENARGAS related to the registration, update and de-registration with the certification organisms shall be conducted by means of the distance process WEB platform (“TAD”).

Gas Export Authorization

Resolution Nº356/2019 of the Secretary of Energy granted Total Austral S.A. an authorization to export gas to Chile to ENAP, interruptible, for a maximum volume of 1,000,000 m³/day up to May 1st, 2021 or up to the export of an amount equivalent to the daily authorized amount multiplied by the amount of days of the authorization, whatever occurs first.

 

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