On 30 April 2024, the Argentine Central Bank (BCRA) issued Communication "A" 7999, which allows the subscription of Bonds for the Reconstruction for a Free Argentina (BOPREAL) to pay profits and dividends to nonresident shareholders. (For background, see EY Global Tax Alert, Argentina to issue "Bonds for the Reconstruction for a Free Argentina" dated 10 January 2024.)

This subscription would be for…