The Minister of Economy Sergio Massa announced a tax simplification for micro and small businesses who have incomes of up to 15 monthly minimum, vital and mobile salaries (SMVM), which is the equivalent of $1,770,000.
Tax relief for SMEs: point by point, what will the simplified regime be like?
The head of the Treasury Palace said he will send a bill to Congress to “discuss” with professionals about a Simple scheme which will be different from that of the monotribute, with a monthly paymentwhich covers both the social security, such as VAT and Profits. Furthermore, the fee that you will pay will be determined by a percentage of micro and small business turnover.
During the announcement at the Professional Council of Economic Sciences of the City of Buenos Aires (CPCECABA), Massa acknowledged that “almost 68% of employment in Argentina today is SMEs“which is why the measures taken in recent days are along those lines, to “continue along the path of generating formal and registered work.”
The standard that regulates benefits for SMEs was published
In line with Sergio Massa’s announcement, it was published this morning in the Official bulletin (BO) via Resolution 1416/2023the details of the measures of tax relief for micro, small and medium-sized businesses, which promotes a payment plan for debts “tax, customs and social security resources” of these companies.
Besides, suspends the beginning of the “tax execution trials and the blocking of precautionary measures” and extension until after March 1st the expiration of personal contribution and VAT of self-employed corresponding to September, October, November and December of this year.
And on the other hand, modifies the income tax withholding regime in order to update the amounts of the scale and applicable rates, suspends until December 31, 2023 the procedure to apply the exclusion of the Simplified Regime for Small Taxpayers and the automatic down mechanism and establishes a new optional regime for the presentation of sworn declarations and payment of taxes, whose due dates operate during the month of January 2024.
The measure is aimed at the micro, little and medium companies with “MSME Certificate“in force on the date of accession, the human people and successions that are considered small taxpayers, Non-profit entities and small taxpayers that the organization has.
“We support the measure of allow launderingof recognize 70 months of contribution to the workerof Do not complain to the employer about that contribution debt and of give you the opportunity to register it. We support this measure of catch up with the AFIP and become subject to credit in a scheme that is promoted, understanding that we continue to strengthen the SME fabric and give it the opportunity to incorporate workers under a promoted systemwhere the State stop collecting social security contributions(mainly the employer contributions, not the personal ones)”, indicated the Minister of Economy.
At the same time, he highlighted that the State will assume, in the case of beneficiaries of social programs, the payment prior to the employer completing the incorporation of the worker into the agreement salary.
For this reason, Massa expressed that the government “seeks to consolidate, in a time of difficulty, the employment generation capacitythe reconstruction of working capitalas well as the possibility of projecting a 2024, on the part of the professional, commercial and industrial companies.
“We seek to ensure that the consequences of the difficulties that we had to face this year are not a brake on projecting next year’s growth and that the State facilitates these types of situations with measures,” the Tigrense completed.
Source: Ambito
