This White Paper highlights select recent developments in certain countries that could have implications for employee equity plans offered by multinational companies to employees in such jurisdictions.

ARGENTINA -

Change in Exchange Control Regulations -

Effective at the end of 2019, restrictions on Argentine residents’ ability to purchase foreign currency for investment purposes have once again been imposed. Residents can now only access the Argentine foreign exchange market to purchase foreign currency from banks and other authorized financial institutions up to $200 per month for investment without Central Bank approval. In addition, a 30% tax applies to purchases of foreign currency by residents for savings and other purposes.