The Association of Public and Private Banks of the Argentine Republic pointed out that the measure of the provincial government increased “significantly the cost of loans” granted by entities.
The banks of Santa Fe that integrate the Association of Public and Private Banks of the Argentine Republic (ABAPPRA) questioned the provincial government’s decision to expand the taxable basis of Gross income that falls on the bank loans.
Through a statement, the association considered that the measure is “incomprehensible” and pointed out: “Santa Fe The IIBB aliquot increased from 7% to 9% in 2023 and now extended the tax base, significantly increasing the cost of loans granted by banks. ”
In turn, he pointed out that there was a strong growth of bank credit in 2024 and contrasted that the increase in the province was lower, “what It does not keep proportion to the size of the regional economy“. He warned that in 2025, With greater tax pressure, the gap will be extended.
Mortgage credits: ABAPPRA warned that Santa Fe suffers a housing deficit
In that line, ABAPPRA He added that the mortgage loans for housing will be especially restricted in Santa Fe since banks have already increased their interest rates and the treatment of Iibb aggravates the situation. “In addition, the province applies higher sealed at 3% on the value of the propertywhich makes the purchase and sale with mortgage loans more expensive, “he launched.
“The tax treatment of the mortgages that Santa Fe does is particularly incomprehensible: It is a province with housing deficit that exceeds 300 thousand homes and that in its territory a Important part of the construction supplier industry“The association questioned.
Finally, he stressed that at the national level, the Government reduced housing taxes such as the Tax on the transfer of real estate and interest in the tax base of profits and pointed out that there were provinces that implemented tax exemptions, such as gross stamps and income, and Even some municipalities took similar measures in relation to municipal rates.
Source: Ambito
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