Thus, the human persons will be able collect up to $1,000 per month in their accounts in Argentina for the services provided to non-residents.
But there will be a condition to use this mechanism: the person You must not have acquired foreign currency through the financial system, this is the MEP dollar or “counted with liquid” (arranged sales of securities with settlement in foreign currency) 90 days prior to crediting of funds and you must agree not to carry out this financial operation for the following 90 daysindicated the BCRA.
In addition, the monetary authority clarified that Income over US$1,000 must be paid at the official exchange rate.
Mechanism for companies
On the other hand, legal persons may obtain a “certification of increased income from collections of service exports in the year 2022” to be exclusively destined to the payment of remuneration of their workers for up to the minimum between 50% of the increase in service exports in the accumulated of 2022 for the entire year 2021; and 20% of gross remuneration for the remainder of 2022.
This mechanism may be used only to the extent that the firm does not record defaults to date in terms of income and liquidation of service exports, undertakes to liquidate the funds that have not been allocated to the payment of remunerations, Y that they have not arranged sales of securities with settlement in foreign currency 90 days before the certification and undertake not to do so for the subsequent 90 days.
The concepts of service exports considered in the standard are:
- Maintenance and repairs
- Construction services
- Telecommunications services
- computer services
- Information services
- Charges for the use of intellectual property
- Research and development services
- Legal, accounting and managerial services
- Advertising, market research and public opinion polling services
- Architectural, engineering and other technical services
- Trade related services
- Other business services
- Audiovisual and related services
- Other personal, cultural and recreational services
- Other health services.
Finally, the BCRA confirmed that is developing an online system that it will make available to financial institutions to control the use of this mechanism.
Source: Ambito
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