Novedades Destacadas

• Requisitos registrales para sociedades extranjeras
• Importación y tránsito de Residuos peligrosos
• Prórroga en la implementación del “Libro IVA Digital” y al Sistema Integral de Retenciones Electrónicas (“SIRE”)
• Beneficios fiscales aplicables a proyectos de biotecnología moderna

LEGISLATION

Resolution Nº2/2020 – New Regulations Applicable to Foreign Companies

By means of Resolution Nº2/2020, the Superintendence of Corporations (“IGJ” for its acronym in Spanish) abrogates Resolution Nº6/18 regarding registration of foreign companies and reinstates to such purposes former Resolution Nº7/2015, which sets forth more and stricter requirements for the registration of foreign companies in Argentina and the submission of an annual informative regime, among other aspects. The Resolution also determines the obligation of foreign companies’ legal representatives to grant and maintain a guarantee in accordance to the requirements set forth under said Resolution.

Resolution Nº3/2020 – Corporate Capital

By means of Resolution Nº3/2020, the Superintendence of Corporations (“IGJ” for its acronym in Spanish) sets forth new requirements for the publishing of legal notices in the Official Gazette required for the registration of a company or registration of corporate capital increases or reductions. The new requirements apply to Corporations (“Sociedades Anónimas”), Limited Liability Companies (“Sociedades de Responsabilidad Limitada”) and Simplified Corporations (“Sociedades por Acciones Simplificadas”).

Communication A Nº6903 – New FX Regulations for Imports

Communication A Nº6903 issued by the Central Bank brings modifications intended to facilitate the access to the exchange market by importers registering delays in payments with the SEPAIMPO informative regime.

According to the Communication, importers which as of March 2020 submit payments requirements while having the entry registry in customs still pending in the SEPAIMPO regime, will be authorized to access the exchange market subject to certain requirements.

Decree Nº148/2020 – Abrogation of Waste Import Regime

Decree Nº148/2019 issued by the Executive Branch abrogates Decree Nº519/19 and Joint Resolution Nº3/2019 which allowed the import of waste under certain circumstances and without a certificate of innocuousness. The Decree also instructs two Ministries to issue a new regulation on the matter within a 180-day period of time.

Resolution Nº4671/2020 – Modifications to the Digital VAT Book Regime

Resolution Nº4671/2020 issued by Tax Enforcement Authority (“AFIP”) modifies the dates scheduled for the implementation of the digital VAT book created under Resolution Nº4597/2019.

Resolution Nº4677/2020 – Electronic Withholding System Applicable to VAT

By means of Resolution Nº4667/20, Tax Enforcement Authority (“AFIP”) defers until September 1st, 2020 the mandatory application of the Electronic Withholding Integral System (“SIRE” for its acronym in spanish) to the VAT regime.

Resolution Nº4669/2020 – Tax Benefits Applicable for Modern Biotechnology Projects

Resolution Nº4669/2020 issued by Tax Enforcement Authority (“AFIP”) regulates the procedure applicable for the obtainment of VAT and income tax benefits under the Promotion Regime for the Development and Production of Modern Biotechnology created under Law Nº26,270.

LATEST NEWS IN THE HYDROCARBON SECTOR

Resolution 638/2020 – Regulation of Mendoza Regarding Water Injection Wells

By means of Resolution Nº638/20, the General Irrigation Department of the Province of Mendoza incorporates “Profiling Standards for Oil Companies” to its previous Resolution Nº81/18, which established regulations for the control and monitoring of active or inactive water injection wells.

Disposition Nº60/2020 – Update of Environmental Contingencies Plans in Neuquén

Disposition Nº60/2020 of the province of Neuquén sets forth the obligation to submit an update of the Contingency Environmental Plan for each hydrocarbon concession within 30 days counted as from February 14th, 2020 while it determines certain applicable requirements to such updates.

Disposition Nº05/2020 – Modification to the Hydric Regime in Neuquén

Disposition Nº05/2020 issued by the province of Neuquén approves a new classification of industries, coefficients and availability factors of the province’s hydric regime (hydrocarbons activities are classified as U3) while it also sets forth the obligation to submit an additional sworn statement and of payment of the usage canon of public waters for industrial purposes for certain industrial types (U3 included) as of January 1st 2020.

 

Please, do not hesitate to contact us in case you have any further questions or comments: