Rules for Intercompany Interest Payments Now Eased

On December 19, 2024, the Argentine Central Bank (BCRA) issued Communication “A” 8161, introducing relevant amendments on access to the foreign exchange market for payments of commercial and financial debts to related counterparties abroad.

Effective January 1, 2025, access to the foreign exchange market may be requested to pay, at maturity, compensatory interest accrued on the outstanding original value of financial debts with foreign related counterparties, without requiring the BCRA's prior approval.

However, interest due as of December 31, 2024—as well as punitive or other equivalent interest accrued on or after January 1, 2025—will remain subject to prior approval.

The requirement to obtain prior approval from BCRA to access the foreign exchange market to pay the principal of financial debts to related creditors remains in effect, except for the cases that fall under the exceptions outlined in the foreign exchange regulations.