Decree 42/2021 regulated the Solidarity and Extraordinary Contribution (“Tax on Large Assets”)

On January 29, 2021 Decree 42/2021 (the “Decree”) was published in the Official Gazette. The Decree regulates the Solidarity and Extraordinary Contribution established to “mitigate the effects of the pandemic”. The Decree establishes the following: How the shares or participations in the capital of the companies shall be valued? The subjects mentioned in the Solidarity […]

Javier CanosaPartner, Canosa Abogados

Another Tax on Wealth: Solidarity and Extraordinary Contribution to Help Mitigate the Effects of the Pandemic

On December 18, 2020, Law No. 27,605 was published in the Official Gazette, which establishes the Solidarity and Extraordinary Contribution to Help Mitigate the Effects of the Pandemic.   This comes in addition to the already applicable Wealth Tax that has rates ranging from 1.25% to 2.25%.  The emergency contribution, which is extraordinary and mandatory […]

Javier CanosaPartner, Canosa Abogados

Allonca Abogados joins IR as the exclusive Commercial Law Member in Argentina

IR Global, the world’s largest exclusive network of advisory firms is delighted to introduce Jose Maria Allonca of Allonca Abogados. Jose has joined IR as our exclusive Commercial Law Member in Argentina. Since 1991, Allonca Abogados is focusing on the commercial operations of local and foreign companies doing business in Argentina. The firm has a strong […]

Jose Maria AlloncaLawyer & Founding Partner, Allonca Abogados

Restoration Of The Sustainability Of The Public Debt Instrumented In Securities Issued Under Argentine Law

On August 4, 2020, the bill sent by the Executive Power to the National Congress on the “Restoration of the Sustainability of Public Debt implemented in Securities Issued under Argentine Law” was passed (the “Law”). The adoption of the Law is performed under the framework of the agreement with the majority of the bondholders announced […]

Javier CanosaPartner, Canosa Abogados

Canosa Abogados Newsletter 2020

Dear clients and Friends, We hope you are doing well. It is our intention to keep you informed so you can take the best decisions during this difficult period. Therefore, we send you the lastest legal news in our country: General Resolution No. 4758/2020 – Income Tax Deadline Extension Stay at home and take care! Edgar […]

Javier CanosaPartner, Canosa Abogados

Remote Working – Bill of Law

The Argentine National Congress is currently working on the enactment of a law which will amend the Employment Contract Law No. 20,744 incorporating remote working to the Title III “On the modalities of the employment contract”, Chapter VI, section 102 Bis.- The bill of law is based on  the improvement of labor productivity through the […]

Javier CanosaPartner, Canosa Abogados

New Law on Urban Lease Agreements

On June 30, 2020, Law No. 27,551 on urban lease agreements was published in the Official Gazette (the “Urban Lease Law”). The Urban Lease Law introduces amendments with respect to the special domicile to be informed by the parties- and, in particular, to the regulations of the National Civil and Commercial Code (“CCC”) regarding urban […]

Javier CanosaPartner, Canosa Abogados

COMMUNICATION “A” 7030 BCRA – New Restrictions on the Exchange Market.

On May 29, 2020, through communication “A” 7030 (the “Communication”), the Central Bank of the Argentine Republic (“BCRA”) has intensified the restriction on the exchange market. 1.  The Communication established that in order to grant access to the exchange market for the following operations: (i) Import payments and other purchases of goods abroad (ii) Payments […]

Javier CanosaPartner, Canosa Abogados