Penalties for non-compliance
What are the penalties for non-compliance?
According to the Commercial Loyalty Law, the penalties for non-compliance are the following:
- Fines from AR$500 (approximately US$11) to AR$ 5,000,000 (approx. US$111.000);
- Suspension for up to 5 years from the providers registries that allow promoters to conclude contracts with the State;
- Loss of concessions, tax or special credit benefits;
- Closure of the facility for up to 30 days.
According to the severity of the breach, and if it is convenient, publication of a notice of the penalty in the same media may occur.
In case of fraud, criminal actions may be initiated.