Company: TCMFF
Filing Date: 2025-02-28
Form Type: 20-F
Source: 0001104659-25-019133
Chunk: 216

Company: TELECOM ARGENTINA SA
Filing Date: 2025-02-28
Form: 20-F
Item: Item 10
Chunk 216
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, with an additional term of 10 calendar days to settle them in the foreign exchange market.
For exports under Decree No. 28/23, the foregoing shall be deemed to have been complied with when the exporter has entered and settled in the foreign exchange market an amount not less than 80% of the equivalent value of the advances, pre-financing and post-financing and for the unsettled portion has entered into purchase and sale transactions with securities, in which securities are acquired with settlement in foreign currency and sold with settlement in local currency in the country.
In addition, by means of Communication “A” 7740 and 8035, the BCRA provided, among other things, that the term of 180 calendar days to enter and settle advances, pre-financing and post-financing from abroad shall also apply when: i) the transfer of foreign currency has entered the correspondent account of the local entity as from April 10, 2023 and until December 31, 2024 and ii) the customer has registered foreign currency settlements in the foreign exchange market for advances, pre-financing and/or post-financing from abroad in the year 2022 for an amount equal to or greater than the equivalent of US$ 100,000,000 and the customer deposits the funds for credit in a “Special account for crediting export financing” of its ownership until the foreign currency settlement is completed or undertakes that the funds will remain credited in the correspondent account of the entity until their entry through the foreign exchange market is completed. The retransfer abroad of the funds that remain as transfers pending settlement shall require the prior approval of the BCRA.
TAXATION
Argentine taxes
The following summary of certain Argentine tax matters is based upon the tax laws of Argentina and regulations thereunder as of the date of this Annual Report and is subject to any subsequent changes in Argentine laws and regulations which may come into effect after such date. This summary does not purport to be a comprehensive description of all of the tax considerations that may be relevant to a holder of such securities. No assurance can be given that the courts or tax authorities responsible for the administration of the laws and regulations described in this Annual Report will agree with this interpretation. Holders should carefully read “Item 3—Key Information—Risk Factors—Risks Relating to Telecom Argentina’s Shares and ADSs—Changes in Argentine tax laws may adversely affect the tax treatment of our Class B Shares and/ or ADSs” in this Annual Report and consult their tax advisors regarding the