The communique exempts individuals and legal entities from the requirement to settle through the official foreign exchange market the proceeds from exports of certain services. Companies doing business in Argentina through exports of services should carefully analyze the requirements to determine if they are covered by the exemption.
On June 2, 2022, the Argentine Central Bank (BCRA) issued Communique A 7,518 (Communique), which exempts individuals and legal entities that perform certain activities from settling through the official foreign exchange market a portion of the proceeds from exports of services, to the extent certain requirements are met.
Source EY
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