5 LatAm Offices Report Changes in April 2022

ByLaquita Margaret

May 5, 2022 , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , ,

The lawful and accounting teams at Biz Latin Hub’s offices in Argentina, Bolivia, Chile, Costa Rica and Panama claimed the following regulatory updates in April 2022 that could have an effect on your small business interests.

At Biz Latin Hub our multilingual teams of corporate assistance professionals based mostly through Latin The united states and the Caribbean give tailored offers of built-in again-office environment products and services, which include authorized, accounting, and recruitment, amongst other remedies to aid corporations and buyers doing business enterprise in the region.

If you are interested in doing business in Latin America and would like to discover much more about how we can support you bridge cultural and linguistic boundaries when coming into the region, as well as aid ongoing functions, make contact with us right now.


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

Regulatory exercise Results for organization
Common Resolution I.G.J. Nº 4/22

Released: April 5th, 2022

It offers that the existence and veracity of the domicile and registered workplace of the simplified joint inventory organizations (SAS) presented for in Legislation 27.349 must be evidenced by usually means of any of the instruments presented for in this regulation.


The Bolivian authorities and its establishments launched 5 noteworthy regulatory updates just lately :

Regulatory activity Results for small business
Decree Supreme N° 4702

Printed: April 20th, 2022

Quickly defers the tariff levy to zero per cent (%) right until December 31, 2022, for the importation of insecticides, fungicides, herbicides, germination inhibitors and plant growth regulators and similar products and solutions.
RND  Nº 102200000008

Posted: April 22th, 2022

The deadline for the bodily presentation and/or digital submission of Monetary Statements, Annual  as properly as the information submitted by means of electronic sorts 605 and 601, for the Corporate Money Tax (IUE),  with fiscal calendar year-conclusion as of December 31, 2021  is prolonged right until May well 31, 2022. The deadline for filing tax declaration and payment of the IUE (Could 3rd) continues to be unchanged.
Decree Supreme N°4708

Printed: May well 1st, 2022

Regulates the gain of “Special Leave Absence License” to all staff in non-public companies  with the appropriate to get a person hundred percent (100%) of wage, in the following conditions:
a) For loss of life of mom and dad, spouses, siblings or small children: a few (3) doing the job times
b) For marriage: a few (3) doing the job times,
c) For birthdays: 50 % working working day
Decree Supreme N°4709

Printed: Could 1st, 2022

Establishes the appropriate of split holidays, and the accumulation thereof with out the have to have for a penned settlement among companies and workforce.
Decree Supreme N°4711

: Could 1st, 2022
Establish the Salary Increase in the personal sector wage improve in the private sector shall be agreed on by businesses and personnel on the basis of 3 % (3%) Establish the National Bare minimum Wage for the year 2022 in Bs2,250.- equivalent to USD 324 .-

Wage Maximize and  Countrywide Bare minimum Wage proven for 2022,  will have retroactive influence as of January 1, 2022 and shall be efficient till Might 31st.


The Chilean governing administration and its institutions launched just one noteworthy regulatory update in April:

Regulatory exercise Outcomes for company
Legislation 21.435

Revealed: April 6th, 2022

Amendments are launched to the drinking water code that regulates water use legal rights, which might be limited in their exercise, in accordance with the provisions of this Code.

Costa Rica

The Costa Rican authorities and its institutions launched a single noteworthy regulatory update in April:

Regulatory action Results for organization
Paternity Depart produced

Revealed: April, 2022

This lets fathers to get two times of paid go away in the course of the very first thirty day period soon after a boy or girl is born. In addition, fathers will get the lawful defense already granted for mothers for the duration of maternity leave (i.e.: they are unable to be fired with no a just induce). If the mom dies during this period of time, fathers will be entitled to the comprehensive 3-month time period of maternity depart.


The Panamanian authorities and its establishments launched one particular noteworthy regulatory update in April:

Regulatory action Outcomes for company
Draft Regulation No. 697 (website page 57)

Published: April 21st, 2022

The Legislative plenary authorised in third debate Law No.697, which regulates the commercialization and use of crypto-belongings in the state.

Biz Latin Hub can help you executing company in Latin The united states

At Biz Latin Hub, our multilingual company development, recruitment, accounting, and authorized pros are prepared to support you undertaking company in Latin The us and the Caribbean. Our complete portfolio of sector entry and back again-office environment services usually means our customers operate safe in the information they have all business bases lined and are fully compliant with present-day laws and regulatory demands.

Get in touch with us now to master much more about how we can guide you performing company.

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