{"id":27,"date":"2019-06-01T12:02:00","date_gmt":"2019-06-01T15:02:00","guid":{"rendered":"https:\/\/bcoabogados.com.ar\/en\/legal-newsletter-june-2019\/"},"modified":"2026-10-30T22:09:01","modified_gmt":"2026-10-31T01:09:01","slug":"legal-newsletter-june-2019","status":"publish","type":"post","link":"https:\/\/bcoabogados.com.ar\/en\/legal-newsletter-june-2019\/","title":{"rendered":"Legal Newsletter &#8211; June 2019"},"content":{"rendered":"<p>Relevant news:<\/p>\n<ul>\n<li>Amendments to import regime of used goods<\/li>\n<li>Creation of the Economy of Knowledge Promotion Regime<\/li>\n<li>Deferrals on presentation of Income and Personal Assets Tax sworn statements<\/li>\n<\/ul>\n<p><!--more--><\/p>\n<table style=\"width: 100%;\">\n<tbody>\n<tr>\n<td style=\"background-color: #025b8c;\">\n<h1 style=\"text-align: center; margin-bottom: 15px; margin-top: 15px;\"><span style=\"color: #ffffff;\">LEGISLATION<\/span><\/h1>\n<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<h3>Decree N\u00ba406\/2019 \u2013 Modification to the Import Regime of Used Goods<\/h3>\n<p>Decree N\u00ba406\/2019 (the, \u201cDecree\u201d) issued by the Executive Branch modifies the import regime of used goods.<br \/>Among others, the Decree increases in 100% the Extra Zone import tax applicable to the goods included in Decree\u2019s 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.<\/p>\n<h3>Law N\u00ba27,506 &#8211; Knowledge Based Economy Law<\/h3>\n<p>Law N\u00ba27,506 creates the \u201cEconomy of Knowledge Promotion Regime\u201d 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.<\/p>\n<h3>Resolution N\u00ba4498\/2019 \u2013 Income Tax Regulation under Financing Productive Act<\/h3>\n<p>Resolution N\u00ba449\/2019 issued by Tax Enforcement Authority (\u201cAFIP\u201d) 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.<\/p>\n<h3>Resolution N\u00ba4506\/2019 \u2013 Income and Personal Assets Tax<\/h3>\n<p>Resolution N\u00ba4506\/2019 issued by Tax Authority (\u201cAFIP\u201d) defers the submission of income and personal assets sworn statements to July 16th, 2019.<\/p>\n<h3>Resolution N\u00ba4510\/2019 \u2013 Modification of Tax Payment Plan<\/h3>\n<p>Resolution N\u00ba4510 issued by Tax Enforcement Authority (\u201cAFIP\u201d) extends up to July 31st, 2019 the possibility to apply for the tax payment plan created under Resolution N\u00ba4477\/2019 for those tax payers which pay in advance the 20% of the debt to be cancelled with such plan.<\/p>\n<h3>Disposition N\u00ba17\/2019 \u2013 Public Contracts<\/h3>\n<p>Disposition N\u00ba17\/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.<\/p>\n<h3>Resolution N\u00ba795\/2019 \u2013 New Requirements for Financial Trustees<\/h3>\n<p>Resolution N\u00ba795\/2019 issued by the Security Exchange Commission (\u201cCNV\u201d) modifies the requirements to be met by financial trustees, mainly regarding their net worth.<\/p>\n<h3>Resolution N\u00ba797\/2019 \u2013 New Regulations for Corporate Governance Code<\/h3>\n<p>Resolution N\u00ba797\/2019 issued by the Security Exchange Commission (\u201cCNV\u201d) 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\u2019s principles for corporate governance.<\/p>\n<table style=\"width: 100%;\">\n<tbody>\n<tr>\n<td style=\"background-color: #025b8c;\">\n<h1 style=\"text-align: center; margin-bottom: 15px; margin-top: 15px;\"><span style=\"color: #ffffff;\">LATEST NEWS IN THE HYDROCARBON SECTOR<\/span><\/h1>\n<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<h3>Resolution N\u00ba312\/2019 \u2013 New Values of Gas Charges<\/h3>\n<p>Resolution N\u00ba312\/2019 issued by Gas Enforcement Authority (\u201cENARGAS\u201d) increases as from June 1st, 2019 the values of the charge affected to the trusts funds for residential gas consumes subsidies.<\/p>\n<h3>Resolution N\u00ba305\/2019 \u2013 Modification to NAG Rule N\u00ba140 (2016)<\/h3>\n<p>Resolution N\u00ba305\/2019 issued by Gas Enforcement Authority (\u201cENARGAS\u201d) approves the amendments to NAG Rule 140 (2016) regarding plastic tubes of polyethylene systems for gas fuels.<\/p>\n<h3>Resolution N\u00ba309\/2019 \u2013 Proposal of New Gas Regulation<\/h3>\n<p>Resolution N\u00ba309\/2019 issued by Gas Enforcement Authority (\u201cENARGAS\u201d) calls all interested parties to express their opinions regarding the project of gas regulation \u201cNatural Gas Quality Regulation\u201d.<\/p>\n<h3>Law N\u00ba3,655 Santa Cruz \u2013 Oil Measuring System<\/h3>\n<p>Law N\u00ba3,655 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.<\/p>\n<h3>Resolution N\u00ba226\/2019 \u2013 Deferred Payment of Gas Invoices<\/h3>\n<p>Resolution N\u00ba226\/2019 issued by the Secretary of Energy (the, \u201cResolution\u201d) 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.<\/p>\n<h3>Resolution N\u00ba339\/2019 \u2013 Modifications to Regulations Applicable to Pipelines<\/h3>\n<p>Resolution N\u00ba339\/2019 issued by Gas Enforcement Authority (\u201cENARGAS\u201d) modifies the annex \u201cTable of Margins by Hectare\u201d of ENRAGAS Regulation I-3562\/15 and Annex \u201cList of Departments with Pipelines where Annual Rain is Inferior to 60 mm and Margin by Hectare Determined by Expert Advisor\u201d.<\/p>\n<h3>Resolution N\u00ba68\/2019 \u2013 Modification to Procedures Before the ENARGAS<\/h3>\n<p>Resolution N\u00ba68\/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 (\u201cTAD\u201d).<\/p>\n<h3>Gas Export Authorization<\/h3>\n<p>Resolution N\u00ba356\/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 m\u00b3\/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.<\/p>\n<p>&nbsp;<\/p>\n<p>Please, do not hesitate to contact us in case you have any further questions or comments:<\/p>\n<div class=\"tm-article-columns uk-text-left uk-margin-large\">\n<p style=\"text-align: center;\">Mar\u00eda Victoria Tiscornia<br \/>Senior Associate<br \/>mvtiscornia@bcoabogados.com.ar<br \/> +54 11 4326-7777<\/p>\n<p style=\"text-align: center;\">Leandro Martin Orts<br \/> Senior Associate<br \/>lorts@bcoabogados.com.ar<br \/> +54 11 4326-7777<\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>Relevant news: Amendments to import regime of used goods Creation of the Economy of Knowledge Promotion Regime Deferrals on presentation of Income and Personal Assets Tax sworn statements<\/p>\n","protected":false},"author":1,"featured_media":28,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2],"tags":[],"class_list":["post-27","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news"],"_links":{"self":[{"href":"https:\/\/bcoabogados.com.ar\/en\/wp-json\/wp\/v2\/posts\/27","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/bcoabogados.com.ar\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/bcoabogados.com.ar\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/bcoabogados.com.ar\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/bcoabogados.com.ar\/en\/wp-json\/wp\/v2\/comments?post=27"}],"version-history":[{"count":1,"href":"https:\/\/bcoabogados.com.ar\/en\/wp-json\/wp\/v2\/posts\/27\/revisions"}],"predecessor-version":[{"id":225,"href":"https:\/\/bcoabogados.com.ar\/en\/wp-json\/wp\/v2\/posts\/27\/revisions\/225"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/bcoabogados.com.ar\/en\/wp-json\/wp\/v2\/media\/28"}],"wp:attachment":[{"href":"https:\/\/bcoabogados.com.ar\/en\/wp-json\/wp\/v2\/media?parent=27"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/bcoabogados.com.ar\/en\/wp-json\/wp\/v2\/categories?post=27"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/bcoabogados.com.ar\/en\/wp-json\/wp\/v2\/tags?post=27"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}