\n\nLEGISLATION<\/span><\/h1>\n<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\nCommunication A N\u00ba6825 \u2013 Exchange Control. Clarification and Modification to Regulations Regarding Payment of Imports<\/h3>\nCommunication A N\u00ba6825 (the, “Communication”) issued by the Central Bank (\u201cBCRA\u201d) introduces some changes to the exchange control regulations applicable to the advanced payment of imports. Among other aspects and regarding anticipated payments of capital goods, the Communication increases from 90 to 120 the period of time in which importer must submit the customs entry registry. The rest of the goods shall remain subject to the 90-day period to submit such information. The Communication also clarifies that in case the foreign supplier is a related company of the importer or larger periods of time were required for the officialization of the import, then the importer shall obtain BCRA\u2019s prior authorization.<\/p>\n In addition, \u201cBCRA\u201d informally clarified that the need to obtain BCRA\u2019s authorization to make payments to related company for the import of goods which exceed the monthly limit of USD 2,000,000, is only applicable in case of debts which were due on or before August 31st., 2019.<\/p>\n Resolution N\u00ba1288\/2019 \u2013 Elimination of the Certificate of Origin for Imports<\/h3>\nThe Ministry of Production decided by means of Resolution N\u00ba1288\/2019 (the, \u201cResolution\u201d), to eliminate the Certificate of Origin as a requirement for crediting the origin of imported goods destined for consumption.<\/p>\n By means of Resolution N\u00ba36\/2019, the Anticorruption Office issued the complementary guidelines for the implementation of compliance programs by small and medium companies.<\/p>\n Resolution N\u00ba117\/2019 \u2013 Money Laundering. Modifications to Thresholds<\/h3>\nThe Financial Information Unit (\u201cUIF\u201d) decided to increase the amounts of commercial transactions that shall require the submission of documents crediting the lawfulness of the funds as well as the amounts of transactions paid in cash that should be specially considered.<\/p>\n Resolution N\u00ba1122\/2019 \u2013 IGJ 2019 Annual Fee<\/h3>\nBy means of Resolution N\u00ba1122\/2019, the Superintendence of Corporations (\u201cIGJ\u201d), sets forth November 20th, 2019 as the due date for paying the IGJ annual fee corresponding to period 2020.<\/p>\n Resolution N\u00ba4624\/2019 \u2013 Creation of the Unique Tax Registry<\/h3>\nBy means of Resolution N\u00ba4624\/2019, Tax Enforcement Authority (\u201cAFIP\u201d) creates the Unique Tax Registry for the purpose of simplifying and unifying the registration of tax payers, both of the national tax regime and of the local tax administrations which decided to adhere to the aforementioned registry.<\/p>\n Resolution N\u00ba9\/2019 \u2013 Validity of the Unique Tax Registry for Gross Income Tax<\/h3>\nResolution N\u00ba9\/2019 issued by the Arbitration Commission as enforcement authority of the National Tax Multilateral Agreement (1977), sets forth that the Unique Tax Registry shall be valid as of December 5th, 2019 for tax payers of the gross income tax under the multilateral agreement with jurisdiction in the provinces detailed in the Resolution.<\/p>\n Resolution N\u00ba297\/2019 \u2013 Good Practices for Waste Management in Offices<\/h3>\nThe Secretary of Environment Control issued Resolution N\u00ba297\/2019 which approves the guidelines regarding good practices for correct management of wastes generated in offices<\/p>\n Resolution N\u00ba1122\/2019 \u2013 New Regime for the Use of Chemical
Precursors<\/h3>\nBy means of Resolution N\u00ba1122\/2019, the Ministry of Security approved the general regime which sets forth the obligations and requirements for the use of chemical precursors and abrogates, among others, Resolutions N\u00ba184\/2019, N\u00ba746\/2018, N\u00ba562\/2018, N\u00ba193\/2017 and N\u00ba 327\/201.<\/p>\n \n\n\n\nLATEST NEWS IN THE HYDROCARBON SECTOR<\/span><\/h1>\n<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\nJoint Resolution N\u00ba3\/2019 \u2013 Environmental Impact Assessment of Oil and Gas Activities<\/h3>\nJoint Resolution N\u00ba3\/2019 issued by the Secretary of Energy and Ministry of Environment, approves the procedures for the environmental impact assessment (\u201cEIA\u201d) of activities or works performed in oil and gas surface recognitions, exploration permits and exploitation concessions within the territory located from the 12 nautical miles up to the exterior limit of the continental platform which could possibly degrade the environment in significant manner. In accordance with the Resolution, every owner of a project contemplated in annex 2 of the Resolution, must previously comply with the procedure of environmental impact assessment.<\/p>\n Resolution N\u00ba140\/2019 \u2013 Procedures before ENARGAS<\/h3>\nResolution N\u00ba140\/2019 issued by the Secretary of Modernization sets forth that the procedures before the ENARGAS related to the registration and update of the Natural Gas Stockers Registry shall be conducted by means of the distance process WEB platform (\u201cTAD\u201d).<\/p>\n Resolution N\u00ba722\/2019 \u2013 Regulations Applicable to Storage of Natural gas<\/h3>\nBy means of Resolution 722\/2019, Gas Enforcement Authority (\u201cENARGAS\u201d) approves the regulations applicable to storage of natural gas to be complied by Natural Gas Stockers, and required for the registration of natural gas storage facilities.<\/p>\n Resolution N\u00ba751\/2019 \u2013 Deferral of Gas Tariffs Increase<\/h3>\nResolution N\u00ba751\/2019 issued by the Secretary of Energy defers to February 2020 the application of the increase of transport and distribution gas tariffs.<\/p>\n Decrees N\u00ba753\/2019 and 798\/2019 \u2013 Application on the Tax on Liquid Fuels<\/h3>\nBy means of Decree N\u00ba753\/2019, the Executive Branch decided to apply since November 1st, the increase of tax on liquid fuels. Decree N\u00ba798\/2019 issued by the Executive Branch, updates the amounts of the tax on liquid fuels applicable as from December 1st, 2019 and January, 1st, respectively.<\/p>\n Please, do not hesitate to contact us in case you have any further questions or comments:<\/p>\n \n Mar\u00eda Victoria Tiscornia
Senior Associate
mvtiscornia@bcoabogados.com.ar
+54 11 4326-7777<\/p>\n Leandro Martin Orts
Senior Associate
lorts@bcoabogados.com.ar
+54 11 4326-7777<\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":" Relevant news: Exchange control and purchase of foreign currency Compliance for PyMES Regime for the use of chemical precursors Tax on liquid fuels<\/p>\n","protected":false},"author":1,"featured_media":30,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2],"tags":[],"class_list":["post-39","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\/39","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=39"}],"version-history":[{"count":1,"href":"https:\/\/bcoabogados.com.ar\/en\/wp-json\/wp\/v2\/posts\/39\/revisions"}],"predecessor-version":[{"id":232,"href":"https:\/\/bcoabogados.com.ar\/en\/wp-json\/wp\/v2\/posts\/39\/revisions\/232"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/bcoabogados.com.ar\/en\/wp-json\/wp\/v2\/media\/30"}],"wp:attachment":[{"href":"https:\/\/bcoabogados.com.ar\/en\/wp-json\/wp\/v2\/media?parent=39"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/bcoabogados.com.ar\/en\/wp-json\/wp\/v2\/categories?post=39"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/bcoabogados.com.ar\/en\/wp-json\/wp\/v2\/tags?post=39"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}} | |