Company: TCMFF
Filing Date: 2025-02-28
Form Type: 20-F
Source: 0001104659-25-019133
Chunk: 215

Company: TELECOM ARGENTINA SA
Filing Date: 2025-02-28
Form: 20-F
Item: Item 10
Chunk 215
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New financial indebtedness abroad and new foreign direct investment contributions used under this provision:
(a)   may be entered and settled by the debtor of the foreign indebtedness whose interest is being repaid or by another resident company related to the debtor and its economic group;
(b)   may not be included for the purposes of other measures contemplated in the foreign exchange regulations.
The BCRA sets forth different requirements depending on whether it relates to the payment of imports of goods with customs clearance or the payments of import of goods pending customs clearance. As mentioned below, the imports and import payments monitoring system (SEPAIMPO) has been reinstated, setting forth rules governing such monitoring process and exceptions thereof. 
In that sense, the local importer must designate a local financial entity to act as a monitoring bank, which will be responsible for verifying compliance with the applicable regulations, including, among others, the liquidation of import financing and the entry of imported goods.
For the complete set of regulations regarding payment of imports of goods and services, see Section 10 of BCRA’s FX regulations.

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PART I - ITEM 10 ADDITIONAL INFORMATION   TELECOM ARGENTINA S.A.
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Exceptions to the liquidation regime
Through Communication “A” 7664, it was stipulated, among other issues, that the beneficiaries registered in the Regime for the Promotion of the Knowledge Economy will be exempted from the obligation to settle the collection of exports of goods and services that have entered through the foreign exchange market within the terms established in each case and correspond to activities of the knowledge economy, to the extent that they have a “Certification of increase of exports associated to the knowledge economy (Decree No. 679/22)”. 
Finally, legal entities that have a “Certification for direct investment contributions within the framework of the Regime for the Promotion of the Knowledge Economy (Decree No. 679/22)” may, when the conditions set forth in point 8 of the regulation are met, access the foreign exchange market from an exchange and/or arbitrage with funds deposited in its “Special account for the regime for the promotion of the knowledge economy” in order to carry out the operations listed in item 7 of Decree No. 679/22.
Income and liquidation of advances, prefinancing and post-financing from foreign sources
Advances, pre-financing and post-financing from abroad must be deposited in the foreign exchange market within 5 working days from the date of collection or settlement abroad