The Minister of Economy and Finance, Azucena Arbeleche, He stressed that the government made tax cuts to the SMEs which meant a tax waiver of about 45 million dollars to give a boost to the private sector.
Arbeleche considered that the benefits in terms of taxes The government’s subsidies reached some 35,000 companies, which it considered essential for generating income employment and the growth economic.
The hierarch spoke thus during the celebration of National Day of MSMEs, where he listed the different measures for the sector, such as changes in the contribution of companies literal E according to their turnover and the gradual contribution to the system of social security, included in the LUC.
In turn, he recalled the Fictional IRAE, through which a progressive scheme for determining gross income was established, similar to that of the IRPF, with income scales; the reduction of the minimum advance payment of IRAE for those with incomes less than or equal to 500,000 UI (68,750 dollars); and the Small Business Regime.
Job creation
At the same time, Arbeleche stressed that “along with the Ministry of Labor, A balanced labour policy was achieved, taking into account the impact of the pandemic and, in terms of salary agreements, a differentiation was added for micro-enterprises in the last round.”
“The results of this is that today enough has been created employment “This compensates for what was lost during the pandemic and at the end of the previous period. Today there are 47,000 more jobs than in 2019,” said the minister.
Opening markets and technology
Finally, he referred to market access. “More than 100 markets were opened,” he said, highlighting some such as rapeseed. Mexico and Chilitripe for China and language for Japan. “We have worked very hard in Southeast Asia and the task of opening markets is an everyday task,” he stressed.
In turn, he referred to the incorporation of technology. “We have implemented the program Uruguay Innovation Hub so that through the innovation and the artificial intelligence “Companies can strengthen the areas where we have comparative advantages (agriculture, livestock, renewable energy) and make non-traditional areas competitive, but where today we can have a comparative advantage due to the human capital of Uruguayans,” he stressed.
Source: Ambito
