On 19 June 2024, Resolution No. 101/2024 (“Resolution”) was published in the Official Gazette. The Resolution established that the 17.5% Tax on the Acquisition of Foreign Currency (“Tax”) no longer applies to the acquisition of foreign currency to pay for the importation of goods to be used in the projects included in the list. The Resolution will apply to the operations carried out to acquire foreign currency as of 19 June 2024.
The National Civil Aviation Agency published Resolution No. 743 of 15 May 2024, which regulates the monitoring and offsetting of carbon dioxide emissions (CO2) on international flights under the Carbon Offsetting and Reduction Scheme for International Aviation. The resolution comes into force on 1 January 2025.
On 24 May 2024, Resolution No. 126/2024 of the Agency for Access to Public Information was published in the Official Gazette. Among other things, it unifies the sanctions regime of Personal Data Protection Law No. 25,326 and National Do Not Call Registry Law No. 26,951.
By means of Resolution 98/2024, the Secretariat of Industry and Commerce regulates the procedure through which companies and individuals avail themselves of the leniency benefit provided by the Antitrust Law No. 27,442.
The Public Registry of the Province of Buenos Aires (Dirección Provincial de Personas Jurídicas de la Provincia de Buenos Aires or DPPJ), by means of Disposition 43/2024, issued new requirements applicable to stock corporations registered with the DPPJ in relation to the filing of financial statements, the content of the annual report, the treatment of the results for the fiscal year, the order of priority in the absorption of accumulated losses, and technical revaluations, among others.
On 15 May 2024, the National Securities Commission (CNV) issued General Resolution No. 1002/2024 (“Resolution”), modifying the regime applicable to promotion and advice within the framework of the public offering of securities.
Telecommunications concessions and authorization holders and other companies that own or use telecommunications or broadcasting infrastructure must provide certain information to the Federal Telecommunications Institute through the National Information and Infrastructure System (Sistema Nacional de Información e Infraestructura (SNII)). The obligation to report such information is effective as of July 2024. The SNII is a database that will contain information on active infrastructure and means of transmission, passive infrastructure, rights of way and public and private sites used by operators providing telecommunications or broadcasting services.
The Colombian Tax Office (DIAN) issued the Tax Ruling No. 305[008717] of 30 April 2024, interpreting several matters regarding the application of the Significant Economic Presence rules. The following are the most relevant points addressed by the Ruling:
• Cases in which the deduction for payments abroad related to SEP transactions are not capped under article 122 of the Tax Code.
• Identification of SEP taxpayers that have opted for the filing/no WHT mechanism and those who are not subject to the regime.
• Scope of the activities that can be considered taxed under SEP rules.
• Comments on the priority order rules of withholding agents.
On 6 May 2024, the Federal Government published Federal Law No. 14.852/2024, which established the Legal Framework for the Electronic Games Industry in Brazil. The new law sets out the basic principles and rules for the development and sale of electronic games in Brazil. It establishes guidelines on the manufacture, import, marketing, development and commercial use of electronic games, in addition to providing that the State must establish the indicative age classification. Therefore, it provides a specific framework for this sector in Brazil and ensures the protection of its consumers and users.
The Superintendence of Companies, through its External Circular No. 100-000003 of 23 April 2024 (hereinafter the “Circular”), extended the deadlines for the Chambers of Commerce and Foreign Non-Profit Entities (in its acronym in Spanish “ESALs”) to implement the Integral Self-Control and Risk Management System of money laundering, terrorism financing and financing of the proliferation of weapons of mass destruction and Business Transparency and Ethics Programs. The new deadline is on 31 May 2025.