Argentina - Repatriation of Export Proceeds for Mining and Hydrocarbon Companies

Latin American Tax Newsalert

In an attempt to control the high demand for U.S. currency, on October 26, 2011 the Argentine Government issued Decree No. 1722/2011 (the "Decree"). Under the Decree export revenues generated by mining and hydrocarbon companies must be brought into the country and exchanged for Argentine currency in the local market.

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