CAME expressed concern about the rise in AFIP interest rates

CAME expressed concern about the rise in AFIP interest rates

It is public knowledge of the serious damage that occurred with the adverse effects of the pandemic for the entire MSME sector”, indicated from CAME, and added: “Then, with the scarcity of reserves, the lack of supply of various raw materials and/or finished products was consolidated. The aforementioned was aggravated by the high levels of inflation that generate a permanent decapitalization of the small and medium-sized business sector With all these problems, SMEs continue to lose profit margins.

“Small and medium-sized companies default because they have cash problems. There is great fiscal pressure at the national, provincial and municipal levels, with rates and taxes that occur in a cascade”, said the head of CAME, Alfredo Gonzalezand added: “In addition, we have collection systems that generate balances in favor of the provincial collection agencies.”

According to the new measure, the applicable interest rates are maintained when the obligations in question are expressed in US dollars or must be paid according to the amount of categories or other similar concepts in force on the date of their effective payment, basically in customs obligations. In these cases, the rates will be 0.83% (compensatory) and 1% monthly (punitive).

In cases of repetition of taxes, return, reimbursement or compensation, that is, when it is due to credits in favor of the taxpayer, the rate remains unchanged in the 3.84% monthly. Concepts expressed in US dollars will have a monthly interest of 0.20%.

It should be remembered that to determine the daily interest, the respective percentage must be divided by 30.

In this framework, CAME requested a 50% reduction for the rates recently published by the Ministry of Economy when the taxpayer has a SME registration –micro, small and medium-sized companies by section I– for two reasons:

  • The argument that the interest rate hike charged by the AFIP is not correct is that the taxpayer is not financed with the State instead of the usual financing channels.
  • In turn, the SME is punished with totally exorbitant rate levels by AFIP. Some delinquency in tax compliance is due to the various ups and downs of the macroeconomic economy that affect the microeconomy, such as price increases with merchandise shortages; to the lack of access to bank financing due to lack of solvency, and to the established rate levels that become confiscatory.

“In the tax and production scheme, SMEs are the most vulnerable sector. That is why we need the orders we make from CAME to be considered”, Gonzalez finished.

Source: Ambito

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