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In Trade and Foreign Investment

Venezuela: Resolution amends tariff codes in Decree that established exemptions from payment of VAT, customs duties and customs service fees

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The Ministry of People’s Power of Economy, Finance and Foreign Trade issued Resolution No. 017-2022 on 30 August 2022 (“Resolution”), whereby tariff codes were removed from and added to Appendix I of Decree No. 4,683 of 1 May 2022 (“Decree”). The Decree established the exemption from the payment of value-added tax (VAT), customs duties and customs service fees for imports of certain goods and economic sectors until 31 December 2022.
The Resolution entered into force on 12 September 2022 (i.e., five business days following its publication in the Official Gazette of the Bolivarian Republic of Venezuela).

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Multijurisdiction: Ibero-American Network for the Protection of Personal Data – Standard contractual clauses for the international transfer of personal data

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On 27 September 2022, the Ibero-American Network for the Protection of Personal Data published the Guide for the Implementation of Standard Contractual Clauses for the International Transfer of Personal Data, which sets out certain aspects to be considered when making international transfers of personal data through the use of standard contractual clauses. The Guide includes non-binding guidance for those who make ITPD from member countries of the RIPD to non-adequate jurisdictions.

In Trade and Foreign Investment

Argentina: Tax and customs benefits for manufacturers of auto parts and motor vehicles

by and 2 Mins Read

By National Law No. 27,686, published on 19 September 2022, the “Regime for the Development and Strengthening of the Argentine Auto Parts Industry” was created, granting tax and customs benefits to manufacturers of vehicles that use national auto parts and to manufacturers of auto parts in Argentina. The law sets forth the following tax and customs benefits: (i) accelerated amortization of capital goods and infrastructure works, excluding civil works not related to the industrial process; (ii) anticipated refund for the VAT corresponding to the investment made; and (iii) reduction of export duties to 0% up to 31 December 2031.

In Trade and Foreign Investment

Venezuela: Decree establishes reform to the MERCOSUR Common Nomenclature

by and 6 Mins Read

On 28 August 2022, Decree No. 4,7281 which partially reforms the MERCOSUR Common Nomenclature (NCM), went into effect in Venezuela. The Decree establishes a new sub-chapter in Chapter 98 of the NCM, “Imported Industrial Material for Productive Development”, which assigns a 0% ad valorem tariff to imports of authorized merchandise and exempts them from value-added tax. The duration of the exemption will be subject to the validity of the tax benefits established in the Decree of Customs Exemptions in accordance with Article 75 of the Organic Tax Code.

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Cuba: New Personal Data Protection Law

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On 25 August 2022, Personal Data Protection Law No. 149 was published in the Official Gazette of Cuba. It will enter into force in February 2023. The main purpose of the law is to guarantee the right of individuals to the protection of their personal data and to regulate the use and processing of data by public and private persons or entities. By enacting the law, Cuba joins the list of countries with specific legislation on data protection.

In Product Regulation & Liability

Argentina: Disposition No. 6924/2022 – Advertising of products with warning stamp

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The National Agency of Medicines, Food and Medical Technology (ANMAT) issued Disposition No. 6924/2022on 30 August 2022. The same provides some clarifications regarding the advertising, promotion and/or sponsorship of packaged food and nonalcoholic beverages containing at least one warning seal, including precautionary legends. The Disposition will take effect on the same day of its publication in the Official Gazette.

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In Environment

Mexico: Let’s Talk Climate Crisis

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Let’s Talk Climate Crisis (Hablemos de la Crisis Ambiental) is a sustainability project of the Corporate Social Responsibility area of Baker McKenzie Mexico that invites the audience to reflect on the environmental and climate crisis through a series of webinars. The goal is to collectively build proposals for a sustainable and inclusive world based on human rights and the principles of equality and justice by recognizing ourselves as active subjects in the construction of knowledge and in the solutions. The podcast is available in Spanish only.

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Argentina: Personal Data Protection Law undergoes modernization

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One of the main commitments assumed by Beatriz de Anchorena, current director of the Agency for Access to Public Information, was to initiate the process of updating Personal Data Protection Law No. 25,326, which was enacted in 2000. In this regard, meetings were held in August 2022 with public agencies, civil society organizations, universities and the private sector.

In Employment

Argentina: Digital Salary Book procedure is modified and now includes all employers

by and 3 Mins Read

On 17 August 2022, the Joint General Resolution No. 5249/2022 of the Federal Tax Authority and the Ministry of Labor and General Resolution No. 5250/2022 of the FTA was published in the Official Gazette. It expanded the application of the “Digital Salary Book” system, which now includes employers who have not opted for the modality of mobile sheets.

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