In the midst of the exchange tension in the parallel markets of the dollar, he Central Bank (BCRA) approved this thursday measures to finance the payment of the importation of professional services and freight between related companies and ordered prior authorization for the payment of interest on intra-company debt, which together represent a postponement of payments in foreign currency for u$s2,000 million until the end of the year.
The monetary authority indicated that in the event that the creditor is a counterparty linked to the debtor, prior authorization will be required until the end of the year to access the exchange market to pay interest services on commercial debts for imports of goods and services and financial loans abroad.
“Complementarily, the BCRA board authorized companies to make remunerated deposits in official dollars for the amount in pesos equivalent to the unpaid interest or the use of own available currencies that apply to the payment of commitments when the creditor is a counterparty linked”specified through a press release
The measure on market access for canceling the import of services does not affect the payment of services that are currently covered by the PAIS tax, like entertainment platforms Netflix, Spotify, Youtube, etc, which will continue to be carried out as at present.
The services that must be paid from the 60 (sixty) calendar days from the date of approval of the SIRASE declaration are: legal, accounting and managerial services; Advertising, market research and public opinion polling services; architectural, engineering and other technical services; Other business services.
For market access for cancellation before the 60 days The prior approval of the Central Bank will be required.
“In the event that the payments correspond to related counterparties abroad for freight services or other transport services, the payment will be made after 90 calendar days from the effective date of service provision”, the statement ended.
Source: Ambito
