Communication “A” 6363 issued by the Central Bank of the Argentine Republic on November 10, 2017
This communication regulates current issues related to the foreign exchange market, upon the repeal of the 17-year regulation requiring liquidation of proceeds in foreign currency stemming from the exportation of goods.
MoreExecutive Order No. 893/2017 (published in the B.O. on November 02, 2017)
Art. 1 of Executive Order 2581/64, requiring entry and negotiation of export proceeds within the deadlines established by authorities, has been repealed. Likewise, Article 10 of Executive Order 1555/86, requiring prior liquidation of foreign currency for payment of export refunds, has been repealed.
Executive Order 894/2017 (published by the B.O. on November 02, 2017)
The new text for Regulations on Administrative Procedures, established by Executive Order 1759/72, has been approved as part of efforts to facilitate access to citizens and/or taxpayers to the various agencies that make up the National Public Administration. These measures strive to streamline administrative procedures, thus enhancing transparency and accessibility, through the use of technological tools that enable remote access and effective monitoring of administrative activity.
MoreAFIP (the Argentine tax agency) General Resolution 4150-E (published by the B.O. on October 27, 2017)
This resolution repealed General Resolution No. 2,350 and External Note No. 37, whereby the scope of the Customs System of Reliable Operators (S.A.O.C.) is expanded to include import operations. Therefore, the”Customs System of Reliable Operators” is renamed “Authorized Economic Operator” (O.E.A.). The O.E.A. will receive current S.A.O.C. operators, among others. Bearing in mind the purpose of the SAFE WCO framework, this standard seeks to optimize foreign trade operations and is framed within the SAFE normative and operational guidelines with the aim of ensuring and facilitating global trade.
MoreJoint Provision 3-E/2017 of the Undersecretary of Foreign Trade and the Undersecretary of Industry (published by the B.O. on October 19, 2017)
This provision regulates certain issues of Decree No. 629 dated August 9, 2017 by which the “Import Regime for Used Goods for the Hydrocarbon Industry” was established to regulate import operations for the consumption of used goods earmarked for the hydrocarbon industry and, in particular, the procedure to obtain the Certificate for the Importation of Used Goods for the Hydrocarbon Industry (CIBUIH).
MoreWorking Instruction No. 4 by the General Subdirectorate of Customs Law (April 04, 2017)
Working guidelines were established for processing repetitions; thus, “For any and all processes of repeat taxes where triple identity of subject, object and cause is detected, the proceeding shall be cumulative ex officio at the request of the party.” Likewise, a cap is therein established, whereby it “…may not exceed the number of 10 (ten) taxable events operating as a cause for repeat taxation.”
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