On January 20th, 2020, the Argentine Ministry of Productive Development issued Resolution N° 30/2020 ( “Resolution 30”), that amended the Regime for the Promotion of Knowledge Economy created by Federal Law N° 27,506 (the “Law for the Promotion of Knowledge Economy”). Said regime, effective for a period of ten years starting on January 1st, 2020, substituted the pre-existing Software Industry Promotion Regime, effective until December 31st, 2019.
Resolution 30 appointed the Secretary of Industry, Knowledge Economy and External Commercial Management (under the authority of the Ministry of Productive Development), as enforcement authority of the Law for the Promotion of Knowledge Economy.
Additionally, Resolution 30 suspended the existing deadlines for the analysis and processing of requests to be accepted under the Regime for the Promotion of Knowledge Economy, under which the beneficiaries of the pre-existing Software Industry Promotion Regime could be provisionally accepted on the Registry of Knowledge Economy until full and final compliance no later than June 30th, 2020, with the requisites set forth in the new regulation.
The date of issuance of the regulation reestablishing the suspended process, as well as its content, is yet to be defined.
For more information, do not hesitate to contact Gastón A. Miani, Juan Pablo Bove, Federico Otero, Julián Razumny, Agustín Griffi, or Pablo Tarantino.