5 LatAm Offices Report Changes in April 2022

5 LatAm Offices Report Changes in April 2022


The legal and accounting teams at Biz Latin Hub’s workplaces in Argentina, Bolivia, Chile, Costa Rica and Panama documented the adhering to regulatory updates in April 2022 that could have an effect on your organization pursuits.

At Biz Latin Hub our multilingual teams of corporate assist experts centered throughout Latin America and the Caribbean supply tailored deals of integrated back-office environment providers, including legal, accounting, and recruitment, among other options to support providers and buyers accomplishing company in the area.

If you are intrigued in doing organization in Latin America and would like to understand more about how we can aid you bridge cultural and linguistic obstacles when getting into the area, as perfectly as support ongoing functions, get hold of us currently.


The Argentinean federal government and its establishments released one notable regulatory update in April:

Regulatory exercise Outcomes for small business
Common Resolution I.G.J. Nº 4/22

Released: April 5th, 2022

It gives that the existence and veracity of the domicile and registered office of the simplified joint stock companies (SAS) furnished for in Regulation 27.349 must be evidenced by suggests of any of the devices furnished for in this regulation.


The Bolivian governing administration and its institutions introduced five notable regulatory updates lately :

Regulatory activity Outcomes for organization
Decree Supreme N° 4702

Printed: April 20th, 2022

Briefly defers the tariff levy to zero p.c (%) until December 31, 2022, for the importation of insecticides, fungicides, herbicides, germination inhibitors and plant advancement regulators and similar items.
RND  Nº 102200000008

Published: April 22th, 2022

The deadline for the bodily presentation and/or digital submission of Money Statements, Annual  as properly as the data submitted by electronic types 605 and 601, for the Company Income Tax (IUE),  with fiscal calendar year-close as of December 31, 2021  is extended until eventually May perhaps 31, 2022. The deadline for submitting tax declaration and payment of the IUE (May perhaps 3rd) continues to be unchanged.
Decree Supreme N°4708

Printed: May perhaps 1st, 2022

Regulates the benefit of “Special Leave Absence License” to all employees in personal companies  with the correct to acquire 1 hundred % (100%) of salary, in the adhering to cases:
a) For dying of moms and dads, spouses, siblings or youngsters: three (3) operating times
b) For relationship: 3 (3) doing the job times,
c) For birthdays: 50 percent performing working day
Decree Supreme N°4709

Published: Could 1st, 2022

Establishes the correct of split holidays, and the accumulation thereof without the need of the have to have for a created settlement between businesses and workforce.
Decree Supreme N°4711

: May well 1st, 2022
Build the Income Raise in the private sector wage improve in the non-public sector shall be agreed on by employers and staff on the foundation of three p.c (3%) Establish the National Least Wage for the year 2022 in Bs2,250.- equivalent to USD 324 .-

Wage Boost and  National Minimum Wage set up for 2022,  will have retroactive influence as of January 1, 2022 and shall be efficient till Might 31st.


The Chilean authorities and its establishments introduced just one noteworthy regulatory update in April:

Regulatory exercise Results for small business
Law 21.435

Revealed: April 6th, 2022

Amendments are released to the drinking water code that regulates water use legal rights, which may possibly be constrained in their exercising, in accordance with the provisions of this Code.

Costa Rica

The Costa Rican authorities and its establishments introduced one notable regulatory update in April:

Regulatory exercise Results for small business
Paternity Depart created

Released: April, 2022

This enables fathers to consider two times of paid depart through the initial thirty day period just after a kid is born. Additionally, fathers will acquire the authorized safety presently granted for moms for the duration of maternity go away (i.e.: they can’t be fired without having a just induce). If the mom dies throughout this interval, fathers will be entitled to the complete a few-month phrase of maternity go away.


The Panamanian governing administration and its institutions introduced just one noteworthy regulatory update in April:

Regulatory exercise Outcomes for organization
Draft Legislation No. 697 (web site 57)

Posted: April 21st, 2022

The Legislative plenary authorized in 3rd debate Regulation No.697, which regulates the commercialization and use of crypto-property in the nation.

Biz Latin Hub can assistance you undertaking enterprise in Latin The usa

At Biz Latin Hub, our multilingual company development, recruitment, accounting, and authorized experts are all set to assist you executing business enterprise in Latin The united states and the Caribbean. Our complete portfolio of market place entry and back again-business companies implies our customers run harmless in the understanding they have all professional bases protected and are absolutely compliant with latest legislation and regulatory necessities.

Call us now to understand additional about how we can aid you accomplishing company.

Or understand far more about the teams of professionals we have enabling professional growth across Latin The us.

Key services offered by BLH including legal services, accounting & taxation, hiring & PEO, due diligence, tax advisory, and visa processing
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