On June 2, 2022, Argentina´s Central Bank issued Communication A 7518, which exempts (partially) the obligation to compulsory exchange foreign currency obtained from the export of certain services, among which are IT and professional services. The exception is conditional on the exporter increasing its exports in the permitted services compared to those made in the […]
Law 27,570 was published in today’s Official Gazette, amending the Knowledge Law (“LEC”) regime sanctioned last year. The Law finally sanctioned grants tax benefits to certain areas of economic activity based on knowledge with the ability to generate income to the country through the export of Argentine talent. These areas include: • Computer and digital […]
In recent days we have received numerous inquiries about the applicability of the “País” Tax established by Social Emergency Law # 27,541 to payments abroad originated in software licensing to licensees in Argentina. In order to clarify the issue, please note that: The Country Tax does NOT apply to the payment of software licenses, no […]
The Official Bulletin of January 20, 2020, published Resolution 30/2020 of the Ministry of Productive Development, leaving without effect Resolutions 1084/2019 of the former Ministry of Production and 449/2019 of the former Secretariat of Entrepreneurs and SMEs, the latter establishing the Registration process for the beneficiary registry of the Knowledge Act regime. The repeal is […]
The Official Bulletin of Saturday, December 28, 2019 published Decree 99/2019 ruling Law 27,541 (Law of Public Emergency and Social Solidarity), whose article 52 establishes that the export duties on services may not exceed 5%. Decree 99/2019 modifies Decree 1201/2018 to adjust the level of withholdings to 5% established in the Public Emergency Law, and […]
The Commissions of “National Economy and Investment” and “Budget and Finance” of the Senate gave joint treatment to the Knowledge Act, and on the same day they issued an opinion recommending the approval of the bill without amenments, as it was sanctioned by the Chamber of Representatives. The bill is now ready for treatment in […]
After the swift and favorable treatment of the project in the Chamber of Deputies, it officially entered into the Senate and was assigned to the Finance Commission and the National Economy and Investment Commission, which are expected to treat the bill jointly in the same way as in Deputies. The project grants tax benefits to […]
With surprising speed, the Communications and Information Commission and the Budget and Treasury Commission of the Chamber of Deputies issued a joint opinion approving the Regime for the Promotion of the Knowledge Economy, advising the Chamber on the sanction of the same. The recommendation came after joint meetings of the Commissions, which involved representatives of […]
The Bill of the Knowledge Act was officially submitted before the Parliament and is thus enabled to be treated in the Chambers. The project promotes the following knowledge-based activities: • Software and digital services, including development of products and services through the Internet, software factory, videogames, etc. • Audiovisual production and postproduction. • Biotechnology, bioeconomy, […]
In accordance with Decree 172/2019, an important modification was introduced in the regime of public documents´ Apostille. Effective from March 1, 2019, the Apostille, which is the mean of legalization of documents to have international validity, must be digitally managed to legalize public documents created or reproduced electronically, digitalized and considered original. These changes take […]