Company: TCMFF
Filing Date: 2025-02-28
Form Type: 20-F
Source: 0001104659-25-019133
Chunk: 12

Company: TELECOM ARGENTINA SA
Filing Date: 2025-02-28
Form: 20-F
Item: Item 3
Chunk 12
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. 25,323 (which increased the amount of compensation in cases where the employment relationship was not registered or was poorly registered, but the claim was filed after the termination of the employment relationship) is repealed. Modifications include the extension of the trial period or the exemption from sanctions and criminal actions for those employers who have not made the corresponding contributions, in exchange for regularizing the employee. Additionally, the workers will be considered direct employees of the employer who registers the employment relationship, and it will no longer be possible to assimilate a direct relationship between a third-party employee and the contracting user company that leverages claims for salary differences.
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PART I - ITEM 3 KEY INFORMATION   TELECOM ARGENTINA S.A.
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In addition, as of September 2, 2024, Decree No. 777/2024 reduced the PAIS tax (“Impuesto Para una Argentina Inclusiva y Solidaria”) from 17.5% to 7.5%, only for the acquisition of foreign currency for purposes of paying imports of goods and freight. In accordance with Law No. 27,541, the validity of the PAIS Tax ended on December 22, 2024.
On September 11, 2024, the lower house of the Argentine Congress ratified President Milei’s veto to the bill that sought to improve retirement benefits. Therefore, the decision over the bill became final and the Argentine Congress was barred from reconsidering the bill for the remainder of the parliamentary year. On October 9, 2024, the lower house also ratified the presidential veto of legislation that would have shored up public university funding, which also prevented the Argentine Congress from insisting on this initiative for the remainder of the parliamentary year. 
The social, political and economic impact of the reforms and measures announced by the Argentine government to date, the consequences of Ley de Bases and other laws enacted, and the impact of future reforms and measures that may be proposed remains uncertain. The ambitious deregulation scheme purported to be enforced by means of Decree No. 70/2023 and Ley de Bases could affect our business, results of operations and financial condition.
We cannot assure that future economic, regulatory, social and political developments in Argentina will not adversely affect our business, financial condition or results of operations, or cause the decrease of the market value of our securities.
Inflation is high and could accelerate further, causing adverse effects on the economy and negatively