Federal Tax Liability Regimen Creation - Updated Standard

Original Language Title: REGIMEN FEDERAL DE RESPONSABILIDAD FISCAL CREACION - Texto actualizado de la norma

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FEDERAL REGIME OF FISCAL RESPONSIBILITY Law 25.917 Creation. Transparency and public management. Public spending. Public income. Financial balance. Indebtedness. Federal Fiscal Responsibility Council. Miscellaneous provisions. Transitional provisions. Sanctioned: August 4 of 2004 Enacted: August 24, 2004 See Background

The Senate and Chamber of Deputies of the Argentine Nation assembled in Congress, etc. sanction with force of Law:

ARTICLE 1 Consider the Federal Regime of Fiscal Responsibility with the aim of establishing general rules of fiscal behaviour and providing greater transparency to public management, which shall be subject to the provisions of this Act.

CHAPTER I

TRANSPARENCE AND PUBLIC MANAGEMENT

ARTICLE 2 The national Government, before 31 August of each year, shall submit to the Federal Fiscal Responsibility Council established by this Act the macro-physical framework for the following exercise, which shall include:

(a) Expected results .primary and financial results. accrued for the public sector of each level of government.

(b) The projections of resources of national origin detailing their distribution by regime and by province and Autonomous City of Buenos Aires.

(c) The wage and tax policy you expect to implement and the projections of the following variables: prices, gross domestic product and nominal exchange rate. The consumer price index must have national coverage published by the National Institute of Statistics and Censuses.

(Article replaced by Article 1 of the Act No. 27.428 B.O. 2/1/2018. Watch: from January 1, 2018. For those jurisdictions that adhere subsequently, the validity will begin to govern from the date of accession)

Article 3 The general budget laws of the provincial administrations, the Autonomous City of Buenos Aires and the National Civil Service shall contain the authorization of all expenses and the forecasting of all resources, of a regular and extraordinary nature, affected or not, of all centralized, decentralized agencies, social security institutions and financial flows of trust funds. They will also report on the forecasts for all auto-archic entities, institutes, enterprises and corporations of the State of the Non-Financial Public Sector. Resources and expenditures shall be in full amounts, without compensation. The provisions of this article do not imply altering the special laws regarding their distribution or intangibility mechanisms, in which case they will not be subject to the general rules of budget execution.

(Article replaced by Article 2 of the Act No. 27.428 B.O. 2/1/2018. Watch: from January 1, 2018. For those jurisdictions that adhere subsequently, the validity will begin to govern from the date of accession)

ARTICLE 4 On the proposal of a Commission composed of representatives of the Permanent Forum on Budget and Finance Directorates of the Argentine Republic, the converters that will be used by the provincial governments and the Autonomous City of Buenos Aires to obtain homogeneous budget classifications with those applied in the national government. The proposal in question should be prepared within 90 days of the entry into force of this law and elevated to the Federal Council for Fiscal Responsibility for approval. Each provincial government will approve the converters that correspond to it through a regulation emanating from the area with competence in the matter.

ARTICLE 5o The national government will incorporate into the formulation of the projections of multi-year budgets presented in the Annual Message of Elevation of the General Budget of the National Administration, the estimates of the national resources distributed by Régimen and by province and Autonomous City of Buenos Aires and the maturity profile of the national public debt instrumented for the corresponding triennium.

ARTICLE 6 Within the ninety (90) days of the presentation of the budget, the Provincial Governments and the Autonomous City of Buenos Aires will present to their legislatures, on a non-binding basis, the projections of the multi-year budgets for the next triennium, containing at least the following information:

(a) Projections of resources per heading;

(b) Cost projections for purposes, functions and by economic nature;

(c) Investment programme for the period, reporting on new and ongoing projects;

(d) Projection of participation in municipalities;

(e) Programme of credit operations and planned disbursements from multilateral agencies;

(f) Debt stock and public debt maturity profile;

(g) General criteria for the collection of other sources of financing; and

(h) Description of budgetary policies that support the projected economic and financial results and projections.

(Article replaced by Article 3 of the Act No. 27.428 B.O. 2/1/2018. Watch: from January 1, 2018. For those jurisdictions that adhere subsequently, the validity will begin to govern from the date of accession)

ARTICLE 7 Each province, the Autonomous City of Buenos Aires and the national government will publish on their website the Annual Budget . once approved, or in its default, the extended budget, until it is approved . and the projections of the Multi-year Budget, after presented to the corresponding legislatures, and the Annual Investment Account. With a withdrawal of UN (1) quarter, they will disseminate quarterly information on the budget execution (access and cash base), of the expenditure (accessed) classified according to purpose and function, of the stock of public debt, including the floating one, as well as the multilateral financing programmes, and of the payment of services, detailing in these three (3) last cases the type of creditor. To this end, and with the aim of contributing to the conduct of fiscal statistics in line with those established by international standards, methodological criteria will be used consistent with those set out in Act No. 24,156 and amendments, through the application of the budgetary classifications referred to in Article 4. Information will also be provided on the level of occupation of the public sector as at 31 December and as at 30 June each year with a withdrawal of UN (1) trimester, totalling the permanent and temporary staff plant and contracted personnel, including projects funded by multilateral credit agencies. The above detailed information should be forwarded to the FEDERAL COUNCIL of FISCAL RESPONSIBILITY, to the MINISTERY of the INTERIOR and to the MINISTERY of ECONOMY, the latter having to publish it on its website.

(Article replaced by Article 4 of the Act No. 27.428 B.O. 2/1/2018. Watch: from January 1, 2018. For those jurisdictions that adhere subsequently, the validity will begin to govern from the date of accession, text according to art. 22 of the Act No. 27,591 B.O. 14/12/2020)

ARTICLE 8 The provincial governments of the Autonomous City of Buenos Aires and the national government will calculate homogeneous parameters and indicators of public management that measure the efficiency and effectiveness of collection and efficiency in public spending. These indicators should be approved by the Federal Fiscal Liability Council and their measurement should be published in accordance with Article 7.

(Article replaced by Article 5 of the Act No. 27.428 B.O. 2/1/2018. Watch: from January 1, 2018. For those jurisdictions that adhere subsequently, the validity will begin to govern from the date of accession)

Article 9 The Provincial and Autonomous City governments of Buenos Aires will implement an integrated financial management system, compatible with the national. The provincial governments, the Autonomous City of Buenos Aires and the national government will modernize their financial administration, human resources administration, debt and tax administration systems for the appropriate jurisdictions.

(Article replaced by Article 6 of the Act No. 27.428 B.O. 2/1/2018. Watch: from January 1, 2018. For those jurisdictions that adhere subsequently, the validity will begin to govern from the date of accession)

CHAPTER II

CUANTITATIVE REGULATIONS

(Replaced by art. 22 of the Act No. 27.428 B.O. 2/1/2018. Watch: from January 1, 2018. For those jurisdictions that adhere subsequently, the validity will begin to govern from the date of accession)

ARTICLE 10. The nominal rate of increase in the national net primary public expenditure, the provinces and the Autonomous City of Buenos Aires cannot exceed the rate of increase in the national coverage consumer price index provided for in the macro-fiscal framework mentioned in article 2 (c). This rule shall be applied for the budget and performance phase (base accrued).

With respect to the provinces and the Autonomous City of Buenos Aires, the net current public expenditure will be understood as the primary current graduates excluded:

(a) Expenditures financed from loans from international agencies;

(b) Transfers by participation to municipalities and communes;

(c) Current expenditures financed from non-automatic contributions transferred by the national Government to jurisdictions that have a specific erogation;

(d) Current expenditures for the implementation of national public policies, which are defined as State policies by future national laws.

In addition, and only in those jurisdictions that in the year prior to their evaluation have implemented the budget (base accrued) with a positive current result and comply with article 21 of this law, operating expenses associated with new infrastructure investments in the areas of education, health and safety will be deducted. (Paragraph replaced by art. 68 of the Act No. 27.467 B.O. 4/12/2018)

(Article replaced by Article 7 of the Act No. 27.428 B.O. 2/1/2018. Watch: from January 1, 2018. For those jurisdictions that adhere subsequently, the validity will begin to govern from the date of accession)

(Note Infoleg: by art. 20 of the Act No. 27,591 B.O. 14/12/2020 the application of this article is suspended for Exercises 2020 and 2021

ARTICLE 10 bis. For the national Government and for those jurisdictions that in the previous year present budgetary executions (base accrued) with a deficient primary current result or do not comply with the indicator provided for in article 21, the nominal rate of increase in net primary public expenditure may not exceed the rate of increase in the national coverage consumer price index provided for in the macro-physical framework referred to in article 2 (c).

For this purpose, net primary public expenditure shall exclude:

(a) Current expenditures detailed in the second paragraph of the previous article;

(b) Capital expenditures financed from affected resources whatever their source of financing; and

(c) Capital expenditures for the implementation of national public policies defined by future national laws as a State policy.

(Article incorporated by Article 8 of the Act No. 27.428 B.O. 2/1/2018. Watch: from January 1, 2018. For those jurisdictions that adhere subsequently, the validity will begin to govern from the date of accession)

(Note Infoleg: by art. 20 of the Act No. 27,591 B.O. 14/12/2020 the application of this article is suspended for Exercises 2020 and 2021

ARTICLE 10 ter. As of fiscal year 2020, the two previous articles will be exempted from compliance with those jurisdictions that execute the budget (base accrued) with a balanced or supervietary financial result in the year prior to the relevant assessment of the evolution of the expenditure.

With the balanced financial result achieved, the nominal rate of increase in primary current expenditure cannot exceed the nominal growth rate of the Gross Domestic Product defined in the macro-physical framework mentioned in Article 2 (c). Where the nominal rate of variation of the Gross Domestic Product is negative, primary current expenditure may at most grow as the national coverage consumer price index provided for in the macro-fiscal framework referred to in Article 2 (c).

(Article 9 of the Act No. 27.428 B.O. 2/1/2018. Watch: from January 1, 2018. For those jurisdictions that adhere subsequently, the validity will begin to govern from the date of accession)

(Note Infoleg: by art. 20 of the Act No. 27,591 B.O. 14/12/2020 the application of this article is suspended for Exercises 2020 and 2021

ARTICLE 10 quater. The national government, the provincial governments and the Autonomous City of Buenos Aires undertake not to increase the ratio of charges occupied in the Public Sector (on permanent, temporary and contracted) existing as at 31 December 2017 with respect to the population projected by the INDEC for each jurisdiction. Compliance with this obligation shall be considered by the Federal Council for Fiscal Responsibility at the time of undertaking the evaluation of article 10 bis.

jurisdictions that have achieved a surplus or balanced financial outcome may increase the staff plant associated with new investments that involve increased provision of social services, such as education, health and safety.

From the fiscal year 2018 the Federal Fiscal Responsibility Council will determine the optimal ratio of occupied charges (permanent, temporary and contracted) appropriate to the characteristics of each jurisdiction, in order to allow exceptions.

(Article 10 of the Act No. 27.428 B.O. 2/1/2018. Watch: from January 1, 2018. For those jurisdictions that adhere subsequently, the validity will begin to govern from the date of accession)

(Note Infoleg: by art. 20 of the Act No. 27,591 B.O. 14/12/2020 the application of this article is suspended for Exercises 2020 and 2021

ARTICLE 11. Expenditures included in the Budgets of the National Government, the provincial governments and the Government of the Autonomous City of Buenos Aires constitute maximum authorizations, subjecting the execution of them to the effective perception of the revenues provided for in those regulations.

ARTICLE 12. The sale of fixed assets should be used to finance capital erogations.

(Article replaced by Article 11 of the Act No. 27.428 B.O. 2/1/2018. Watch: from January 1, 2018. For those jurisdictions that adhere subsequently, the validity will begin to govern from the date of accession)

(Note Infoleg: by art. 21 of the Act No. 27,591 B.O. 14/12/2020 da for suspended of the year 2020 the limitations contained in this article, with respect to the indebtedness of all the jurisdictions participating in the Federal Fiscal Responsibility Regime.)

ARTICLE 13. Funds or agencies may not be created that involve expenditures that do not consolidate in the general budget or are not subject to the general rules of budget execution.

ARTICLE 14. The higher-expenditure authorizations can only incorporate a greater collection of resources that make up the source of financing "National Treasury" or "General Interests" if the new calculation based exceeds the estimate of the entire funding source mentioned. This restriction does not include the incorporation of new resources to address an exceptional social or economic emergency and is established by law.

ARTICLE 15. The national executive branch, the provincial executive branches and the one of the Autonomous City of Buenos Aires can only, during the budget execution, approve more expenses of other branches of the state provided that it was secured a financing specially for its attention. (Last sentence repealed) by art. 23 of the Act No. 27.428 B.O. 2/1/2018. Watch: from January 1, 2018. For those jurisdictions that adhere subsequently, the validity will begin to govern from the date of accession. As Resolution No. 125 CFRF on the interpretation by the Federal Council for Fiscal Responsibility, adopted unanimously at the meeting of the past 4 November 2019, and signed by its President, Minister of Finance of the Nation, referred by the aforementioned Council)

ARTICLE 15 bis. In addition to the provisions of this law, during the two (2) final quarters of the year of end of term, no increases in current expenditure of a permanent nature may be made except:

(a) Those who transcend Government management, which are defined in this normative nature, and should be specifically addressed; and

(b) Those whose originating cause exists prior to the specified period and its compliance is mandatory.

During that period, any exceptional legal or administrative provision involving the donation or sale of fixed assets shall be prohibited.

For the purposes of the application of this article, it shall be understood by increases in current expenditure of a permanent nature, to those expenses that extend for more than six (6) months and which are not based on social emergencies or natural disasters.

(Article 12 of the Act No. 27.428 B.O. 2/1/2018. Watch: from January 1, 2018. For those jurisdictions that adhere subsequently, the validity will begin to govern from the date of accession)

(Denomination ”Chapter III Public Income” by art. 23 of the Act No. 27.428 B.O. 2/1/2018. Watch: from January 1, 2018. For those jurisdictions that adhere subsequently, the validity will begin to govern from the date of accession)

ARTICLE 16. The calculation of resources for an exercise should be based on the budgetary performance of the previous period or on the methodology that is considered technically most appropriate and should consider the modifications of tax policy that are either promoted or planned to be implemented in the fiscal period and detail the variables and factors that are taken into account for its forecasting.

ARTICLE 17. If tax policy measures involving a lesser collection are to be taken for a fiscal year, the increase in the resources to be compensated or, if not, the expenditure budgeted for such financing should be adjusted.

(Note Infoleg: by art. 20 of the Act No. 27,591 B.O. 14/12/2020 the application of this article is suspended for Exercises 2020 and 2021

ARTICLE 18. Within one (1) year of the validity of this law, the Provincial Budgets of the Autonomous City of Buenos Aires and National shall include estimates of the tax expense incurred by the application of tax policies, in the event that such information is not available at the date of entry into force of the present.

ARTICLE 18 bis. The national government, the provincial governments and the Autonomous City of Buenos Aires will agree on tax policies aimed at harmonizing and not increasing the legal tax burden, especially in those levies applied on labour, production, the productive sector and its financing, with the common purpose of achieving the growth of the national economy and regional economies, to the extent that such decisions do not involve compromising the sustainability of public finances. To this end, the Federal Fiscal Responsibility Council will publish the tax legal pressure annually by area of activity.

(Article 13 of the Act No. 27.428 B.O. 2/1/2018. Watch: from January 1, 2018. For those jurisdictions that adhere subsequently, the validity will begin to govern from the date of accession)

(Denomination ”Chapter IV Financial Balance” repealed by art. 23 of the Act No. 27.428 B.O. 2/1/2018. Watch: from January 1, 2018. For those jurisdictions that adhere subsequently, the validity will begin to govern from the date of accession)

(Note Infoleg: by art. 20 of the Act No. 27,591 B.O. 14/12/2020 the application of this article is suspended for Exercises 2020 and 2021

ARTICLE 19. For the purposes of the use in the indicators provided for in Article 8, the Provincial Governments and the Autonomous City of Buenos Aires shall take the necessary measures to incorporate the calculation of the geographical gross product (GDP) with methodologies compatible with the National Institute of Statistics and Censuses (INDEC), until this agency has the updated calculation.

(Article replaced by Article 14 of the Act No. 27.428 B.O. 2/1/2018. Watch: from January 1, 2018. For those jurisdictions that adhere subsequently, the validity will begin to govern from the date of accession)

ARTICLE 20. When debt levels generate services higher than those specified in the first paragraph of Article 21 of this Law, budgets with primary surpluses (net-interest expenditure level) should be presented and executed in accordance with plans to ensure the progressive reduction of debt and the consequent convergence at the above-defined levels.

In addition, the national Government, provincial governments and the Autonomous City of Buenos Aires will constitute anticyclical tax funds starting from the validity of this law in order to improve the fulfilment of its objectives.

(Denomination ”Chapter V Indebtedness” repealed by art. 23 of the Act No. 27.428 B.O. 2/1/2018. Watch: from January 1, 2018. For those jurisdictions that adhere subsequently, the validity will begin to govern from the date of accession)

(Note Infoleg: by art. 20 of the Act No. 27,591 B.O. 14/12/2020 the application of this article is suspended for Exercises 2020 and 2021

ARTICLE 21. The provincial governments and the Autonomous City of Buenos Aires will take the necessary measures to ensure that the level of indebtedness of their jurisdictions is such that in no fiscal year the services of the instrumented debt exceed fifteen percent (15%) of the net current resources of transfers per share in municipalities.

The Provincial Governments and the Autonomous City of Buenos Aires undertake not to issue substitute titles for the national currency of legal course throughout the country.

(Article replaced by Article 15 of the Act No. 27.428 B.O. 2/1/2018. Watch: from January 1, 2018. For those jurisdictions that adhere subsequently, the validity will begin to govern from the date of accession)

(Note Infoleg: by art. 21 of the Act No. 27,591 B.O. 14/12/2020 da for suspended the Exercise 2020 limitations contained in the first paragraph present article, with respect to the indebtedness of all the jurisdictions participating in the Federal Fiscal Responsibility Regime.)

ARTICLE 22. Those jurisdictions that exceed the percentage mentioned in the previous article may not access a new indebtedness, except that it constitutes a refinancing of the existing one and to the extent that such refinancing results in an improvement in the agreed terms of applicable amount or time or interest rate, and/or financings from Multilateral Credit Agencies, or loans with similar repayment/devolution characteristics, and of national programmes, in all relevant cases, ensures a programmed.

(Article replaced by Article 16 of the Act No. 27.428 B.O. 2/1/2018. Watch: from January 1, 2018. For those jurisdictions that adhere subsequently, the validity will begin to govern from the date of accession)

(Note Infoleg: by art. 20 of the Act No. 27,591 B.O. 14/12/2020 the application of this article is suspended for Exercises 2020 and 2021

ARTICLE 23. The national government, the provincial governments and the Autonomous City of Buenos Aires must implement, systematically update and report the status of the guarantees and guarantees granted, classified by beneficiary, on the occasion of raising to the corresponding legislatures the respective Budget Projects of the General Administration, which must contain a provision of guarantees and guarantees to grant for the budgeted exercise.

ARTICLE 24. (Article Derogated by art. 23 of the Act No. 27.428 B.O. 2/1/2018. Watch: from January 1, 2018. For those jurisdictions that adhere subsequently, the validity will begin to govern from the date of accession)

ARTICLE 25. The provincial governments, the Autonomous City of Buenos Aires and the municipalities to access indebtedness operations and grant guarantees and guarantees, will raise the background and documentation for the MINISTERIO DEL INTERIOR, which together with the MINISTERIO DE ECONOMÍA will carry out an analysis to authorize such operations in accordance with the principles of this law.

In the case of indebtedness of the municipalities, the provinces will coordinate with the national government and with their respective municipalities the actions to promote such authorizations.

(Article 17 of the Act No. 27.428 B.O. 2/1/2018. Watch: from January 1, 2018. For those jurisdictions that adhere subsequently, the validity will begin to govern from the date of accession, text according to art. 92 of the Act No. 27,591 B.O. 14/12/2020)

ARTICLE 26. The national government, through the Ministry of Economy and Production, will be able to implement programs linked to the debt of those jurisdictions that do not have the corresponding financing, while observing guidelines for fiscal and financial behaviour consistent with this law. The programmes will be implemented through bilateral agreements, to the extent of the financial possibilities of the national Government and ensuring the sustainability of its fiscal and financial scheme, and the fulfilment of its commitments to Multilateral Credit Agencies.

The national executive branch shall implement a system of compensation of debts between the participating jurisdictions of the present Federal Regime of Fiscal Responsibility, starting from the validity of this law.

CHAPTER III

(Ex-Chapter VI renumbered as Chapters III, by art. 24 of the Act No. 27.428 B.O. 2/1/2018. Watch: from January 1, 2018. For those jurisdictions that adhere subsequently, the validity will begin to govern from the date of accession)

FEDERAL COUNCIL OF FISCAL RESPONSIBILITY

ARTICLE 27. See the Federal Fiscal Responsibility Council, as the implementing body of this Act, with the basic structure, missions and functions detailed in this chapter.

ARTICLE 28. The Council will have its seat in the Autonomous City of Buenos Aires and will meet alternatively in each geographical area of the country. Once the Council is constituted, it shall adopt its Internal Regulations by a two-thirds majority (2/3) of the total participations assigned to the national, provincial and Autonomous City jurisdictions of Buenos Aires, in law No. 23.548 and its amendments and with the favorable vote of at least seven provincial jurisdictions. Such participations will be recalculated according to the amount of jurisdictions adhered to.

The Internal Regulations of the Council shall provide for the veto power of the national State in the matter governed by article 31 of this Act.

ARTICLE 29. The Council shall meet on a quarterly basis and at the time of its rules of procedure, and shall validly secede with half plus one (1) of its members.

ARTICLE 30. The Council shall be composed of the Ministers of Economy and/or Finance, or similar office, of the national Government, the provincial governments and the Autonomous City of Buenos Aires, to the extent that they have acceded. It will have an Executive Committee that will consist of one (1) representative of the Nation and those of eight (8) provinces and/or the Autonomous City of Buenos Aires, whose integration, representation and functions will be determined by the Internal Regulations of the Council.

ARTICLE 31. The Council shall assess the compliance of the Regime established in this Act and apply the sanctions arising from its non-compliance.

ARTICLE 31 bis. The jurisdictions that have executed a budget (accessed) with a balanced or superviet financial result in the two (2) prior periods, in the case of sufficiently well-founded particular situations, may process exceptions to the Federal Council of Fiscal Responsibility.

(Article 18 of the Act No. 27.428 B.O. 2/1/2018. Watch: from January 1, 2018. For those jurisdictions that adhere subsequently, the validity will begin to govern from the date of accession)

(Note Infoleg: by art. 20 of the Act No. 27,591 B.O. 14/12/2020 the application of this article is suspended for Exercises 2020 and 2021

CHAPTER IV

(Ex-Chapter VII renumbered as Chapters IV, by art. 24 of the Act No. 27.428 B.O. 2/1/2018. Watch: from January 1, 2018. For those jurisdictions that adhere subsequently, the validity will begin to govern from the date of accession)

VARIAAL PROVISIONS

ARTICLE 32. Failure to comply with the obligations established by this Act will result in sanctions which, without prejudice to other penalties that the Federal Council of Fiscal Responsibility may establish for this purpose, may consist of:

(a) Dissemination of the situation in all the web pages of the provinces, the Autonomous City of Buenos Aires and the national Government, in a special section created for this purpose;

(b) Restriction of the right to vote in the Federal Fiscal Liability Council;

(c) Limitation on the granting of guarantees and guarantees by the national Government; and

(d) Limitation of the national Government ' s budgetary transfers to jurisdictions that are not originated in co-participable national automatic transfer taxes.

(Article replaced by Article 19 of the Act No. 27.428 B.O. 2/1/2018. Watch: from January 1, 2018. For those jurisdictions that adhere subsequently, the validity will begin to govern from the date of accession)

ARTICLE 33. The Provincial Governments shall invite their municipalities to accede to this law, propose them the application of the established principles, promote the development of fiscal information of the same with the methodological criteria mentioned in Article 7°, coordinate their correct dissemination and report on everything related to the Federal Regime of Fiscal Responsibility, with the technical assistance and support of the Federal Council of Fiscal Responsibility.

(Article replaced by art. 20 of the Act No. 27.428 B.O. 2/1/2018. Watch: from January 1, 2018. For those jurisdictions that adhere subsequently, the validity will begin to govern from the date of accession)

ARTICLE 34. Invite the provinces and the Autonomous City of Buenos Aires to adhere to the Federal Regime of Fiscal Responsibility established by this law. Adhering jurisdictions shall notify the Federal Council of Fiscal Responsibility of the respective policy instrument of accession.

(Article 21 of the Act No. 27.428 B.O. 2/1/2018. Watch: from January 1, 2018. For those jurisdictions that adhere subsequently, the validity will begin to govern from the date of accession)

ARTICLE 35. The Regime established by this Act shall enter into force on 1 January 2005. For those jurisdictions that adhere subsequently, the validity will begin to govern from the date of accession.

(Denomination . Chapter VIII Transitional Provisions are repealed by art. 23 of the Act No. 27.428 B.O. 2/1/2018. Watch: from January 1, 2018. For those jurisdictions that adhere subsequently, the validity will begin to govern from the date of accession)

ARTICLE 36. (Article Derogated by art. 23 of the Act No. 27.428 B.O. 2/1/2018. Watch: from January 1, 2018. For those jurisdictions that adhere subsequently, the validity will begin to govern from the date of accession)

ARTICLE 37. Contact the national executive branch.

IN THE SESSION OF THE ARGENTINE CONGRESS, IN GOOD AIRES, TO THE FOUR DAYS OF THE MONTH OF AUTHOR YEAR.

_

EDUARDO O. CHANGE. . DANIEL O. SCIOLI. . Eduardo D. Rollano. . Juan Estrada.


Background

- Article 3, (Note Infoleg: by art. 53 of the Act No. 27,341 B.O. 21/12/2016 the maximum period established by this article is extended until 31 December 2017. Previous: art. 55 of the Act No. 27.198 B.O. 4/11/2015;art. 53 of the Act No. 27.008 B.O. 18/11/2014; art. 5°Decree No. 324/2011B.O. 02/01/2012);

- Article 12 (Note Infoleg: by art. 52 of the Act No. 27,341 B.O. 21/12/2016 the application of this article is suspended for fiscal year 2017;

- Article 21, first paragraph (Note Infoleg: by art. 52 of the Act No. 27,341 B.O. 21/12/2016 the application of this paragraph is suspended for fiscal year 2017;

- Article 24 (Note Infoleg: by art. 52 of the Act No. 27,341 B.O. 21/12/2016 the application of this article is suspended for fiscal year 2017;

- Article 15 (Note Infoleg: by art. 52 of the Act No. 27,341 B.O. 21/12/2016 the application of the last paragraph is suspended for fiscal year 2017;

- Article 12 (Note Infoleg: by art. 2nd of the Act No. 26.530 B.O. 24/11/2009 are left without effect for the periods 2009 and 2010, the limitations contained in this article. See Decree No. 2054/2010 B.O. 29/12/2010 for which the provisions of the Reference Act are extended for the year 2011. Monitoring: 1 January 2011);

- Article 15 last paragraph (Note Infoleg: by art. 2nd of the Act No. 26.530 B.O. 24/11/2009 states that, for the years 2009 and 2010, the forecasts contained in the last paragraph of this article will not be considered. See Decree No. 2054/2010 B.O. 29/12/2010 for which the provisions of the Reference Act are extended for the year 2011. Monitoring: 1 January 2011);

- Article 21 first paragraph (Note Infoleg: by art. 2nd of the Act No. 26.530 B.O. 24/11/2009 are left without effect for the periods 2009 and 2010, the limitations contained in this paragraph. See Decree No. 2054/2010 B.O. 29/12/2010 for which the provisions of the Reference Act are extended for the year 2011. Monitoring: 1 January 2011);

- Article 24 (Note Infoleg: by art. 2nd of the Act No. 26.530 B.O. 24/11/2009 states that, for the years 2009 and 2010, the forecasts contained in this article will not be considered. See Decree No. 2054/2010 B.O. 29/12/2010 for which the provisions of the Reference Act are extended for the year 2011. Monitoring: 1 January 2011);

- Article 3, replaced by art. 14 of the Act No. 26,422 B.O. 21/11/2008.