Normative Instruction 1,154, published in the Official Gazette of 13 May 2011 and in force as from this date, regulated the application of the thin capitalization rules introduced by Law 12,249.
In addition to repeating many of the provisions of Law 12,249, Normative Instruction 1,154 clarified the following:
| - | the thin capitalization rules would also apply to transactions where a non-related f… |