The Government announced that it will include SMEs in the exemption on imports from the payment of VAT and Profits on the purchase of some products. The measure will be in force until July 16 of this year and will apply to all companies that have the current MSME certificate.
A variety of other inputs for SMEs were included, in addition to food preparations, such as aluminum, plastics, rubber, seeds, insecticides, among others.
The decision comes after a request from lArgentine Confederation of Medium Enterprises (CAME) to the Ministry of Economy to “reduce the tax component, either by reducing national taxes, or by calling on the provinces and municipalities to reduce provincial taxes and municipal rates, in order to alleviate the final sale price of each product in the family basket.”
Benefit for SMEs: how to access the benefit
From the Customs Clearance Center They reported that the procedure will be adopted through the Malvina Computer System (SIM) with the declaring KIT. There they must use the advantage code SME-EXC-IVAGAN to be able to count on the benefit.
By using the code, The SIM will settle concepts 442 (Additional VAT) and 424 (Profits) with the attribute X (excepted).
It is worth remembering that companies that carry out this procedure must have the updated MSME certificate.
How to register as a MiPyME
Companies that want register as MSMEThey must do so through the AFIP page with their CUIT and tax code, through the SMEs Request for Categorization and/or Benefits service.
This measure also adds to the possibility of pay imports within 30 days, in addition to accessing the Free Exchange Market to pay an advance of up to 20% of them.
What products are included in the VAT and Profits exception?
In this case, the list of inputs that will have this exception includes from insecticides, tubes and pipe fittings, paper and cardboard products, seeds and fruits for planting and rubber products.
They make up the detailed list in the annex to the resolution 5501/2024 the animal products, cereals such as wheat for sowing, rye, barley, oats and corn for sowing, birdseed or flax. Among the seeds and oleaginous fruits it included peanuts, beans and soybeans. They add the yeasts and waste from the food industry or preparations for animals such as fish and meat meal, powder and pellets, wheat and soy residues or peanut oil extraction.
Between the chemicals The import of chlorine, iodine, sulfur, nitrogen, alkali metals, saturated acyclic hydrocarbons and hydrocarbon derivatives, alcohol derivatives and uranium stands out. Also included were pharmaceutical products as reagents, dressings and cement for bone repair. They included paints and varnishes, essential oils, detergents, disinfectants and poisons, plastics and their derivatives, paper and cardboard, articles of cast iron or steel and articles of aluminum.
Source: Ambito
