Resolution No. 237/2021 of the Secretariat of Commerce: New prices information regime for companies (SIPRE).
Competition & Antitrust Department Report | Resolution No. 237/2021 of the Secretariat of Commerce: New prices information regime for companies (SIPRE)
Dear Sir or Madam,
Through Resolution No. 237/2021, published in the Official Gazette on March 17, 2021, the Domestic Trade Secretariat resolved to compel certain companies to report monthly – within the first 10 calendar days of each calendar month- current prices, quantities produced and sold of all its final or intermediate goods Sistema Informativo para la Implementación de Políticas de Reactivación Económica (“SIPRE”).
This information regime reaches all companies in the commercial and industrial sectors that during 2019 have registered total sales in the domestic market above the thresholds established by Resolution No. 220 dated April 12, 2019, of the former Secretaría de Emprendedores y de la Pequeña y Mediana Empresa del Ex Ministerio de Producción y Trabajo and others (*) and the obligation of information will be enforceable as long as the emergency declared by Law No. 27,541 continues.
Resolution No. 237/2021 appoints the Subsecretaría de Políticas para el Mercado Interno as the Enforcement Authority of this resolution with powers to regulate its implementation and execution. According to a public statement issued yesterday by the Ministry of Production, the specific products to be covered by SIPRE will be defined in regulations that will be published in the forthcoming days.
The sanctions for breach of the duty of information imposed will be those of Law No. 20,680.
(*) As indicated by resolution of SEPYME 220/2019, companies with annual sales above: $2,602,540,000 for commerce and $2,540,380,000 dedicated to industrial activity.
Do not hesitate to contact us should you require any further information.