“The world presents us with an enormous challenge,” he said, where “an enormous influence of knowledge transformed into technology, and technology transformed into production and decision processes coexist.” Following this line, he announced a series of benefits for the sector, focused on expanding its export capacity through the granting of tax and exchange benefits for those who increase their business volume.
Benefits
In the words of Sujarchuk, through a DNU The Government will create a Regime for the Promotion of Investments for Exports of Activities of the Knowledge Economy that will allow companies in the sector “that make investments of more than US$3 million to be exempt from paying 20% of foreign currency in the foreign exchange market, when said investment is intended for the generation of new businesses or the establishment of new companies”.
In addition, the secretary pointed out that the regime “provides benefits for those who generate a free availability of 30% of foreign currency due to increases in exports” and stressed that both benefits are cumulative.
On the other hand, he confirmed that they will move forward with a request from the companies in the sector, since Those who have not used the tax credit voucher granted by the promotion regime will be enabled to transfer it to another company for a one-time only. According to Sujarchuk, the objective is that “this benefit that the State has given through Congress can be used by all companies.”
Those companies that have the requirements to access the new Regime will be able to do so until June 30, 2023. Once the project presented by the company is approved, they will have 24 months to carry out the investments, a period that can be extended for up to others. 2 years.
In addition, the benefit may be applied to the payment of principal and interest on commercial or financial liabilities abroad, the payment of profits and dividends that correspond to closed and audited balance sheets, to the repatriation of foreign currency of non-residents or to investments reached by the Regime. .
In his turn, Massa stated that the decision to promote this program of incentives and benefits in the Knowledge Economy “has an impact on the numbers” and pointed out that the Government hopes “for this sector to export US$10 billion in 2023 and consolidate itself as the third largest export complex in Argentina”. And he added that one of the purposes of the incentive program has to do with the fact that the recognition mark that the country has at the regional level with respect to human capital “becomes something permanent.”
For this reason, the mayor of Escobar in use of license pointed out that in the 2023 Budget “the tax bonus was increased by 200%” for companies in the sector and highlighted that in the time that Massa has been a minister, the delay on this issue has been resolved.
Following this line, the minister himself explained that “The idea of multiplying by three the number of companies that have access to tax benefits (seeks) to be able to multiply our export capacity and knowledge production.” And with this, better salaries can be paid “so that our geniuses, our talents, can stay here with competitive salaries at the regional level.”
In this sense, Massa emphasized that the decree proposes “recognizing that Argentina’s eligibility for our universities, for our budget effort investing in science and technology, for public and private companies, which play an important role, and for the enormous effort of innumerable companies that give a lot of work, that give a lot of content and generate a lot of exports and that do not have as many brands. The best thing that Argentina has to sell to the world is the talent of the Argentines“.
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Entrepreneur Support
Who also spoke at the conference this afternoon was Serge Kaufmann, president of Accenture Argentina and the Center for the Implementation of Public Policies for Equity and Growth (CIPPEC), who valued the announcement and highlighted the evolution of the sector in recent times, which has registered “very important growth”.
“A year ago we were exporting US$6.2 billion per year. In the last 12 months we are at a rate of US$7.4 billion. There is significant growth,” she said, adding: “Everyone here is committed to growing. Export and dollars are the words of the moment, but formal employment too.”
Serge Candelo, President of the Chamber of Software (CESSI), was also present at the announcements this afternoon. “For us, being at this moment is something that makes us very happy,” he emphasized.
“In 2002, our industry employed 20,000 people and exported US$20 million. Today we have more than 140,000 jobs and it is also the industry that grew the most in 2021, with more than 15,000 jobs,” said Candelo.
Regarding the measures, he pointed out that what they mark “is the support we have had for so many years, of thinking strategically about this sector, helping it to grow. Today is one more step to realize that knowledge can be a great future for Argentina”.
Source: Ambito
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