{"id":44,"date":"2020-02-01T12:02:00","date_gmt":"2020-02-01T15:02:00","guid":{"rendered":"https:\/\/bcoabogados.com.ar\/en\/legal-newsletter-february-2020\/"},"modified":"2026-10-30T22:09:01","modified_gmt":"2026-10-31T01:09:01","slug":"legal-newsletter-february-2020","status":"publish","type":"post","link":"https:\/\/bcoabogados.com.ar\/en\/legal-newsletter-february-2020\/","title":{"rendered":"Legal Newsletter &#8211; February 2020"},"content":{"rendered":"<p>Relevant news:<\/p>\n<ul>\n<li>Registration requirements to Foreign Companies.<\/li>\n<li>Import and transit of hazardous wastes.<\/li>\n<li>Deferral in implementation of Digital VAT Book and Electronic Withholding Integral System (\u201cSIRE\u201d)<\/li>\n<li>Tax benefits applicable for Modern Biotechnology Projects<\/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>Resolution N\u00ba2\/2020 \u2013 New Regulations Applicable to Foreign Companies<\/h3>\n<p>By means of Resolution N\u00ba2\/2020, the Superintendence of Corporations (\u201cIGJ\u201d for its acronym in Spanish) abrogates Resolution N\u00ba6\/18 regarding registration of foreign companies and reinstates to such purposes former Resolution N\u00ba7\/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\u2019 legal representatives to grant and maintain a guarantee in accordance to the requirements set forth under said Resolution.<\/p>\n<h3>Resolution N\u00ba3\/2020 \u2013 Corporate Capital<\/h3>\n<p>By means of Resolution N\u00ba3\/2020, the Superintendence of Corporations (\u201cIGJ\u201d 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 (\u201cSociedades An\u00f3nimas\u201d), Limited Liability Companies (\u201cSociedades de Responsabilidad Limitada\u201d) and Simplified Corporations (\u201cSociedades por Acciones Simplificadas\u201d).<\/p>\n<h3>Communication A N\u00ba6903 \u2013 New FX Regulations for Imports<\/h3>\n<p>Communication A N\u00ba6903 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.<\/p>\n<p>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.<\/p>\n<h3>Decree N\u00ba148\/2020 \u2013 Abrogation of Waste Import Regime<\/h3>\n<p>Decree N\u00ba148\/2019 issued by the Executive Branch abrogates Decree N\u00ba519\/19 and Joint Resolution N\u00ba3\/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.<\/p>\n<h3>Resolution N\u00ba4671\/2020 \u2013 Modifications to the Digital VAT Book Regime<\/h3>\n<p>Resolution N\u00ba4671\/2020 issued by Tax Enforcement Authority (\u201cAFIP\u201d) modifies the dates scheduled for the implementation of the digital VAT book created under Resolution N\u00ba4597\/2019.<\/p>\n<h3>Resolution N\u00ba4677\/2020 \u2013 Electronic Withholding System Applicable to VAT<\/h3>\n<p>By means of Resolution N\u00ba4667\/20, Tax Enforcement Authority (\u201cAFIP\u201d) defers until September 1st, 2020 the mandatory application of the Electronic Withholding Integral System (\u201cSIRE\u201d for its acronym in spanish) to the VAT regime.<\/p>\n<h3>Resolution N\u00ba4669\/2020 \u2013 Tax Benefits Applicable for Modern Biotechnology Projects<\/h3>\n<p>Resolution N\u00ba4669\/2020 issued by Tax Enforcement Authority (\u201cAFIP\u201d) 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 N\u00ba26,270.<\/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 638\/2020 \u2013 Regulation of Mendoza Regarding Water Injection Wells<\/h3>\n<p>By means of Resolution N\u00ba638\/20, the General Irrigation Department of the Province of Mendoza incorporates &#8220;Profiling Standards for Oil Companies&#8221; to its previous Resolution N\u00ba81\/18, which established regulations for the control and monitoring of active or inactive water injection wells.<\/p>\n<h3>Disposition N\u00ba60\/2020 \u2013 Update of Environmental Contingencies Plans in Neuqu\u00e9n<\/h3>\n<p>Disposition N\u00ba60\/2020 of the province of Neuqu\u00e9n 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.<\/p>\n<h3>Disposition N\u00ba05\/2020 \u2013 Modification to the Hydric Regime in Neuqu\u00e9n<\/h3>\n<p>Disposition N\u00ba05\/2020 issued by the province of Neuqu\u00e9n approves a new classification of industries, coefficients and availability factors of the province\u2019s 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.<\/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: Registration requirements to Foreign Companies. Import and transit of hazardous wastes. Deferral in implementation of Digital VAT Book and Electronic Withholding Integral System (\u201cSIRE\u201d) Tax benefits applicable for Modern Biotechnology Projects<\/p>\n","protected":false},"author":1,"featured_media":36,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2],"tags":[],"class_list":["post-44","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\/44","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=44"}],"version-history":[{"count":1,"href":"https:\/\/bcoabogados.com.ar\/en\/wp-json\/wp\/v2\/posts\/44\/revisions"}],"predecessor-version":[{"id":237,"href":"https:\/\/bcoabogados.com.ar\/en\/wp-json\/wp\/v2\/posts\/44\/revisions\/237"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/bcoabogados.com.ar\/en\/wp-json\/wp\/v2\/media\/36"}],"wp:attachment":[{"href":"https:\/\/bcoabogados.com.ar\/en\/wp-json\/wp\/v2\/media?parent=44"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/bcoabogados.com.ar\/en\/wp-json\/wp\/v2\/categories?post=44"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/bcoabogados.com.ar\/en\/wp-json\/wp\/v2\/tags?post=44"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}