The Collection Agency of the Province of Buenos Aires (ARBA) announced benefits for small and medium-sized businesses ( SMEs) and exempted almost 10,000 from the obligation to act as agents of collection.
He executive director of the Collection Agency of the province of Buenos Aires, Cristian Girardofficially confirmed it: “We launched a structural reform in Gross Income, which, among other benefits, made it possible for almost 10,000 companies to be exempted from acting as tax agents.”
“What we did in the last three years was strongly update the billing amount that forces companies to function as collection agents. We brought that floor to a level that is practically double, in real terms, what it was in 2019,” she added.
The actors who collect the Tax on Gross Income have the obligation to withhold or receive money from taxpayers, that is, a part of the purchases and sales, which is used as payment on account of the tax. The administrative burden, according to ARBA, mainly affects small and medium-sized companies.
In this sense, for Girard, “updating the billing amounts to prevent SMEs from having to fulfill the role of collection agents constitutes a concrete benefit for the sector, since it frees companies from this administrative task and allows them to allocate those resources to productive projects”.
ARBA: measures to benefit SMEs
As stated by ARBA, the measures on the collection of Gross Income specifically benefit SMEs, microenterprises, monotributistas, businesses and professionals“that in these years they had a lower fiscal pressure that reversed the suffocation they suffered during the governments of Macri and Vidal.”
That is why Girard highlights the return from 2019 to the present of more than $20,500 million corresponding to balances in favor for the benefit of 870,000 SMEs and monotributistasthrough “agile, transparent mechanisms without bureaucracy”.
“The modifications implemented in recent years in the Gross Income regimes managed to return working capital, resources and investment to the private sector. Compared to 2019, today there are fewer collection agents, fewer transactions reached by the withholding and collection systems, and the treasury stopped accumulating balances in favor,” explained the director of the Agency.
Source: Ambito
