He Central Bank of the Argentine Republic (BCRA) set the requirements for importers of goods and services to access the Bonds for the Reconstruction of a Free Argentina (BOPREAL)so that they can cancel their tax and customs obligations.
The monetary authority established through Communication “A” 7925/2023 which importers will be able to apply to the new instrument to settle debts and determined the requirements that must be met to register.
Importers authorized to subscribe to the new BCRA bonds
Importers of goods may subscribe to BOPREAL for up to the amount of the debt pending payment for their imports of goods with customs entry registration until December 12.
Importers of services may subscribe to BOPREAL for up to the amount of the debt pending payment for their operations in which the provision or accrual of the service by the non-resident has taken place until December 12 of this year.
Regarding the conditions that will have to be met, the BCRA established that the entity that completes the subscription offer on behalf of the client must have the respective certifications on the amount pending payment issued by the entity(ies) in charge of the monitoring of the officializations involved in the Monitoring of Payments for Imports of Goods (SEPAIMPO).
These entities will be responsible for verifying compliance with the following requirements:
- That the obligation qualifies as a debt for imports of goods.
- That the operation is declared, if applicable, in the last expired presentation of the “Survey of external assets and liabilities.”
- That the conditions provided for in point 10.3.2.1 are met.
- of the “Foreign and exchange” rules for access to the exchange market except that provided for in section viii.
- That the client meets the complementary requirements provided for in points 3.16.2. to 3.16.6. of the “Exterior and changes” rules.
- If you have a sworn statement from the client stating that the debt for which you are requesting the subscription is pending payment.
On the other hand, the Central Bank enabled access to the exchange market for importers of goods and services who subscribe to the BOPREAL corresponding to the longest term offered by the BCRA, prior to December 31 of this year and for an amount equal to or greater than 50% of the total outstanding for their debts eligible for the provisions of the subjects included in the regulations.
Importers will be able to access the exchange market from next February 1 to pay said commercial debts for the importation of goods and services prior to December 13, for a total amount equivalent to 5% of the amount subscribed for said type.
Likewise, it was determined that entities may give clients access to the exchange market for the payment of debts to the extent that the applicable requirements are met, by carrying out an exchange and/or arbitration with the funds deposited in a local account and originated from capital and interest collections in foreign currency of the BOPREAL.
Furthermore, it was clarified that in the preparation of the sworn statements, sales with settlement in foreign currency in the country or abroad of the BOPREAL or the transfers of these bonds to depositories abroad should not be taken into account, when they are carried out by up to the amount acquired in the primary subscription by those who participated in said instance.
In this way, it was resolved that sales with settlement in foreign currency of securities acquired in primary bidding will not limit the holder’s access to the single and free exchange market to carry out other authorized operations.
Source: Ambito
