Allende & Brea – Estudio Jurídico

This report cannot be considered as legal or any other kind of advice by Allende & Brea. For any questions, do not hesitate to contact us.

Special Regime for Grain Farmers and Operators Executive Order No 787/2022 (“Soybean Dollar”)

Mediante el Decreto N° 787/2022 (“Reglamento”), el Poder Ejecutivo Nacional restableció, con carácter transitorio hasta el 30 de diciembre de 2022, el Programa de Incremento de Exportaciones (“Programa”), para aquellos sujetos que hayan exportado cualquier rubro agropecuario en los últimos 18 (dieciocho) meses, y que sean productores de granos y/o operadores dedicados a la comercialización de soja, aceites y subproductos de soja.

Pursuant to the regulations set forth by the Central Bank of the Argentine Republic (“Banco Central de la República Argentina” – (“BCRA”), a preferential exchange rate of ARS230 (two hundred and thirty Argentine pesos) per U.S. dollar has been established for the sale of such goods, for those individuals who export these goods directly or as a result of a productive process performed within the country.

Individuals must comply with this Program by means of the “Registration System” service, available on the website of the Federal Administration of Public Revenues (Administración Federal de Ingresos Públicos – (“AFIP”), by selecting the option “Characteristics and Special Registers”, then the option “EXPORT INCREMENT PROGRAM”, or through any other mechanism established by such tax agency.

Furthermore, the BCRA indicates that the “Special accounts for holders with agricultural activity” should be used by customers residing in Argentina engaged in such activities and who sell goods within the framework of this Executive Decree, in order to deposit the net amount in Argentine pesos collected for the sale of such goods.

Este informe no puede ser considerado como asesoramiento legal, ni de ningún otro tipo, por parte de Allende & Brea.

This report cannot be considered as legal or any other kind of advice by Allende & Brea. For any questions, do not hesitate to contact us.

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