Resolution No. 213/2021 of the Ministry of Productive Development, Federal Mining Secretariat: extension for affidavits required under the Mining Investment Law
Mining Department report | Resolution No. 213/2021 of the Ministry of Productive Development, Federal Mining Secretariat: extension for affidavits required under the Mining Investment Law
Dear Sir or Madam,
Resolution No. 213/2021 (the “Resolution“) – published on 07/26/2021 in the Official Gazette – establishes an extension of thirty (30) days for the filing of the affidavits required under the Mining Investment Law No. 24,196 (the “FMIL“).
The thirty-day extension arises as a consequence of the request of the Argentine Chambers of Mining Companies (“CAEM“), who last 07/05/21 sought an extension of thirty (30) days to comply with the FMIL Affidavits, regarding the schedule of due dates for the 2021 Fiscal Year (the “Extension”).
The FMIL´s Affidavits subject to the Extension are:
Sec. 8: fiscal stability usage (if applicable);
Sec. 12: Income Tax;
Sec. 13: amortization procedure;
Sec. 18: works and investments effectively carried out; and
Sec. 23: special provision for environmental preservation (a deductible item in the assessment of income tax).
According to the Resolution, the Secretariat understands that it is appropriate to grant CAEM’s request and to extend the due dates of the Affidavits corresponding to the 2020 Fiscal Year.
The Extension is granted for thirty (30) calendar days, as from the expiration of the original term established according to the 2021 due dates calendar of the Federal Tax Authority (“AFIP“).
Please, do not hesitate to contact us should you require any further information.
Marcos Moreno Hueyo