This Saturday at the Ministry of Economy, a meeting was held chaired by the head of the Palacio de Hacienda, Sergio Massa in which other ministers of the national cabinet participated, such as the Minister of Labor, Raquel “Kelly” Olmos; the Minister of Social Development, Victoria Tolosa Paz; Guillermo Michel, head of Customs; the head of the Federal Administration of Public Revenues (AFIP), Carlos Castagneto; among other officials.
The purpose was to advance in outlining a package of measures to mitigate the effects of the devaluation.
Among the measures that will be announced as of this Sunday, an improvement is included for retirees (through a fixed sum) and the same for private sector workers who have not yet disclosed the amounts.
Another of the announcements will be a line of consumer credit at subsidized rates given that high inflation affects consumer income.
On the other hand, with the intention of lower the debt of SMEs, a line of credit would also be announced at a subsidized rate. It should be remembered that SMEs usually use overdrafts to meet their obligations and today with the increase in the interest rate, which is positive, the daily operations of small businesses are complicated.
exports
On the other hand, and with the aim of promoting exports, 3 special regimes would be announced for regional economies, SMEs and cereal companies. The benefits will be for those exports with added value. The purpose in this case is to reinforce reserves.
Benefits
Companies that join the price agreement may enjoy various tax benefits.
This Saturday, the Secretary of Commerce, through Decree 433/2023 published in the Official Gazette, established that the companies that adhered would have a series of tax benefits, in addition to a credit scheme at subsidized rates for SMEs that supply supermarkets, with the aim of guaranteeing the path of increases for the included products.
These advantages They will apply until October 31 for firms “that sign price agreements for the local market with the Ministry of Commerce” or that “adjust those currently in force.”
Those who subscribe to the price agreements They will enjoy a reduction to 0% of the withholding rate for the export of merchandise in the tariff positions established by the Palacio de Hacienda.
For its part, the AFIP will implement “for the productive sectors indicated by the Economy” a consolidated payment facility plan “at the date of registration of the application for export destination for consumption of the goods.”
And, the maturities “for the payment of tax advances” provided by the AFIP and “social security obligations” will also be extended.
Source: Ambito
