Despite the president’s promises Javier Milei for reduce fiscal pressure and simplify the system so that there are fewer taxes, the entrepreneurs are pessimistic: almost 66.3% believe there will be no modifications in 2025.
This is indicated by a report of the KPMG consultant that carried out a survey between A hundred CEOs and tax specialists from medium and large organizations throughout the country.
The study concludes that from the business perspective The Argentine tax system discourages investments. Most only anticipate that it will allocate funds to conserve your position this year. That is, companies do not prepare to grow.
“93% of the answers indicated that the current fiscal framework does not help investmentHowever, 68% said they will keep them for this year, ”says the report.
The study includes companies of the Financial sectors, construction, telecommunications, logistics, energy, agribusiness, manufacturing and commercial.
The report indicates that:
- 54.37% say that gross income remains the tax that most impacts on the products and services that are sold.
- 93% say that the fiscal framework does not help investment.
- 37.8% believe that it will pay more income tax for the best results of 2024.
- The province of Buenos Aires is the one with the greatest fiscal pressure in the country.
- 66% consider that Rigi is positive to invest.
- 33% state prefer not to sell to deal with the tax burden of some provinces
- 82% have balances, favor of diverse magnitude of the Gross Tax Revenue Tax paid in excess product of the proliferation of withholding regimes.
Most companies ensure that during the past year they only limited investments to maintain the capital of the firm. “Only 6.80% said they had developed in 2024 an expansion plan in investment terms,” the study said.
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It adds that “although that percentage is Still almost doubles that of those who had advanced in expansion plans in 2023 ”. “While the percentage of those who state to have forced to disin as a result of the fiscal framework continues very high, it fell from 43% to 36%,” says KPMG.
Little confidence that taxes fall in 2025
The report indicates that 66.3% of the CEOS do not believe that taxes will be reduced in 2025. In fact, 68.4% ensure that this year it will make investments only to replace the capital of companies. Those who say they will expand reach 18%. The rest poses that it will disin.
Said in other terms Companies do not prepare for an accelerated economic growth environment, as the Casa Rosada officials imagine. The good thing, according to KPMG, is that this year, unlike the previous ones, the tax table is not going to get worse.
Source: Ambito
