What will the stimulus regime for the knowledge economy look like?

What will the stimulus regime for the knowledge economy look like?

To encourage investment, the regime drawn up by the Ministry of Economy exempts the requirement of liquidation in the Free Exchange Market of up to 20% of the currencies that could be entered as direct foreign investment. Investment projects, not less than US$3 million, must be allocated to infrastructure, capital goods and working capital.

This 20% profit it can be applied to the payment of principal and interest on commercial or financial liabilities abroad; to the payment of profits and dividends that correspond to closed and audited balances; to the repatriation of foreign currency of non-residents, or to the investments reached by the Regime.

Companies can adhere to the new Regime until June 30, 2023 and have 24 months to carry out investments from the approval of the project, extendable for up to another 2 years.

Incentive for the knowledge industry

KNOWLEDGE ECONOMY.jpg

In order to encourage exports, For the foreign exchange earned by incremental net external sales, companies have access to a 30% free availability of the dollars that they must allocate to pay the salaries of employees in a dependency relationship. It seeks to prevent potential resources to work in these sectors of the economy from leaking abroad.

Another benefit is the One-time transfer of the tax credit bonus on employer contributions, exclusive for companies registered in the regime, which carry out exports that represent at least 70% of annual turnover.

Sectoral data show that there are 455,000 jobs associated with knowledge-based services, a figure that last year implied close to 7.3% of national private employment.

According to the forecasts of the directors of the knowledge industry, the application of adequate policies would allow exports to reach US$15,000 million per year in 2030.

Source: Ambito

Leave a Reply

Your email address will not be published. Required fields are marked *

Latest Posts