This is the most important parameter to keep the SME certificate updated, which allows companies, among other benefits, to calculate 100% of the tax on the check for the payment of other taxes.
The Ministry of Industry and Productive Development will double, on average, the billing ceilings provided for in the SME Law for a company to be considered within that category. and thus access tax benefits. The measure will come into effect on April 1. and its objective is to prevent a firm from losing its framing solely due to the effect of inflation.
According to confirmed to Ámbito in the Ministry of Economy the changes “will be in line with inflation” accumulated during the period. The latest update came into force as of April 1, 2022 and, although the rate of inflation was accelerating, the Government did not establish intermediate updates. During that period prices grew more than 100%.
The problem it generates is that companies in the highest category, Median type 2, lose the advantages of the regime established by the SME law, only due to inflationary effect on billing, in the same way as in the lowest categories (SMEs). rises and tax advantages are lost.
The categorization is important to keep the SME Certificate that companies have to present to the AFIP to obtain the tax improvements provided for in the regulations.. Among them, tax reductions, financing lines with subsidized rates, benefits for hiring new workers and technical assistance. Depending on the category, there is VAT deferral for 90 days, non-payment of tax surcharge on bank debits and credits for cash withdrawals, 100% compensation of tax on debits and credits and credit lines, among others. Not all activities will present the same level of updating, officials clarified. This is something common, which has to do with cost inflation depending on the sector of activity.
Currently the annual billing ceilings are:
- For Industry and Mining from $82,730,000 to $7,046,710,000.
- For Trade from $113,710,000 to $5,495,410,000
- For Construction from $38,830,000 to $1,928,020,000
- For Services from $20,190,000 to $1,438,900,000
- For Agriculture from $47,300,000 to $1,626,290,000
Source: Ambito
