Argentina has published General Resolution 4878/2020 of 12 December 2020, which updates the beneficial ownership disclosure requirements introduced by General Resolution 4697/2020 of 14 April 2020. The main update is the addition of a new Article 2 in the resolution, which provides new definitions and rules for the disclosure of beneficiaries. This includes the following:
In addition to the new definitions and rules above, General Resolution 4878/2020 also extends the deadline for reporting in light of the changes. Previously extended to between 14 and 16 December 2020, the deadline has now been extended to 30 December 2020. Information to be reported by this deadline includes the information for 2019 and, with respect to foreign passive income companies, information for 2016, 2017, and 2018.
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