By decree, the Government formalized the possibility of applying the holdings of the new Bopreal series to settle commitments to the treasury. This Wednesday, the first placement is made.
Before the first tenderthe government enabled the use of series 4 of the bond for the reconstruction of a free Argentina (Bopreal 4) To pay taxes, customs commitments and debts with the treasury.
This Wednesday, the Central Bank (BCRA) will carry out the first bopreal 4 tender for up to US $ 3,000 million. Importers with commercial debts prior to December 2023 may participate, companies with intra company debts and firms that have profits or dividends that could not be carried out by the exchange rate.
The BCRA had already established that, of the total placed, one third (that is, up to US $1 billion) may be used to cancel tax and customs obligations. This Tuesday, through Decree 384/2025the Executive Power enabled that possibility.
BOPREAL 4: What does the decree say?
The norm determines that Boppreal 4 holders acquired between Wednesday and September 30 “may give them payment for the cancellation of tax and customs obligationswith more your interests, fines and accessories. “
The decree, anyway, established the following Exceptions:
- Contributions and contributions for the Social Security Regime.
- Contributions for the social works regime.
- The quotas corresponding to the mandatory life insurance.
- The fees destined for labor risk insurance.
- Tax on credits and debits in bank accounts and other operatives.
- The obligations derived from the substitute or solidarity responsibility for third -party debts or their performance as retention and perception agents.
The holders of this series of the bonds may give them in payment to their technical value calculated to the applicable exchange rate, according to the deadlines and conditions stipulated by the ark and the BCRA in successive regulations.
The decree establishes that the use of Bopreal 4 for the payment of tax and customs obligations will be limited to a maximum equivalent maximum value of $ 1 billion and It can only be applied from April 30, 2028 until October 31, 2028both dates inclusive.
“The headquarters of the Cabinet of Ministers will have the budget adjustments to transfer to the Provinces and the Autonomous City of Buenos Aires the amounts that correspond to them by the dation in payment of tax and customs obligations canceled in accordance with this Decree, under the terms of the Federal Tax Copartition Regime,” said the decree signed by Javier Milei, Guillermo Fran Libarona
With the opening of the new Bopreal series, the economic team seeks to give way to stocks still trapped by the stocks to still in force and absorb weights to deepen the monetary turniquet.
Source: Ambito
