The Industry Secretariat launched the new incentive scheme for fCapital Goods Manufacturersthrough resolution 151/2023 published today in the Official Gazette.
It grants benefits to companies in the sector that export, invest in research and development, and carry out quality certifications, with the aim of favoring the change in the productive structure of Argentina.
This is the so-called Capital Assets 4.0 regime that, according to the agency in charge of José Ignacio de Mendiguren, “has the objective of favoring the change of the productive structure of Argentina”.
“The new regime, which will be more agile and incorporates management improvements, also sets up the Fund for Development and Investment in Advanced Manufacturing (FONDIMA) to finance productive investments,” reported Industry.
Mendiguren indicated that “this regime is a federal and transversal industrial policy for a sector that is the mother of all industries, and has a direct impact on many provincial economies and many productive sectors.”
The official stressed the importance of providing “concrete tools so that companies can continue to grow and contribute to the change in the productive structure that Argentina needs to get out of the current quagmire and advance towards development.”
Resolution No. 151/2023, published in the Official Gazette, concludes the regulation of Decree No. 209/22 and approves the Operating Regulations for the annual application for the Fiscal Bonus, to be carried out between April and July of each year.
The procedure, requirements and documentation for applying for the bonus are established and the benefits are regulated so that manufacturers of capital goods can have greater predictability and agility in administrative processes, and incorporate innovative technologies.
How to access the Fiscal Bonus
Companies will be able to access the annual tax credit Bonus for an amount equivalent to the following concepts:
– Profits: 40% of the value resulting from multiplying the total Income Tax of the fiscal year immediately prior to the request by the percentage of invoicing of the sale of manufactured goods included in the regime.
– Research + Development: 80% of the amount of investments made in R&D for up to 2.5% of the billing of the sale of self-manufactured goods in the case of MiPyMEs and up to 2% of the billing made for said concept for the rest of the companies.
– exports: 60% of export refunds authorized for products included in the tariff items of Capital Goods.
– Quality standards: 30% for MiPyMEs and 15% for the rest, of the sum of the benefit amounts received by way of reduction of employer contributions and the benefit on income tax, for those companies that prove continuous improvements in quality of its products and/or processes, through the certification of quality standards.
In addition, the new regulations regulate the implementation of the Fund for Development and Investment in Advanced Manufacturing (FONDIMA) to finance productive investments related to the activity promoted by the regime, as long as they are innovative, quality and promote exports; as well as to strengthen the associated scientific and technological system.
The regime also contemplates a 90% reduction in employer contributions for MiPyMEs on the total payroll and 70% for the rest applied to those employees who are affected or affected by the manufacture of capital goods.
Source: Ambito
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