Within the framework of an adjustment by the National Government that also affects the provinces, a provincial administration announced the news that it is recovering its industry promotion program.
The Government of Santa Fe reported that it reactivated the Industrial Promotion Regime that governs the province with the incorporation of seven new companies to the tax exemptions contemplated by law, which according to official data has been inactive for the last four years.
He Ministry of Productive Development indicated this Sunday – through a statement – that upon assuming the current management, on December 10, there were 17 promotion regimes in force according to the Provincial Law 8,478the newest awarded in October 2019.
Santa Fe: industrial promotion objectives
“Since we assumed We were able to activate benefits for seven new companies. Most of the procedures were presented at least a year ago and had not received any type of response,” the official added.
The productive portfolio specified that the province now has 24 promotion regimes in force and estimated that the seven resolutions granted have tax benefits amounting to 8.2 billion pesos.
What is the regime like for industries?
He Industrial Promotion Regime allows industrial companies located or set to settle in the province of Santa Fe to request a 100% tax exemption provincial regulations established by the Industrial Promotion Regime.
The provincial taxes to be deducted are Gross Income, Real Estate Tax, Stamp Tax and Single Patent on Vehicles that are affected by the activity, as long as they are in the name of the requesting company and located in the province.
Source: Ambito
