Eliminate withholdings for exports of 3,400 industrial and agro-industrial MSMEs

The Ministry of Productive Development announced today the elimination of retentions to some 3,400 industrial and agroindustrial micro, small or medium-sized enterprises (MSMEs) that export up to US $ 500,000, while from that amount to up to one million dollars, a reduction of 50 %.

The measure was presented today by the Ministers of Productive Development, Matías Kulfas; and of Economy, Martín Guzmán; in a visit to the graphic company Zanniello, in the Industrial Park of the Buenos Aires province of Pilar, where they highlighted that the measure will include a total of 6,153 tariff positions considered to have higher added value.

The mayor, Federico Achaval; the secretary of Small and Medium Enterprises and Entrepreneurs, Guillermo Merediz; the Secretary of Industry, Knowledge Economy and External Commercial Management, Ariel Schale; and the Secretary of Tax Policy, Roberto Arias.

It is estimated that some 3,790 companies will benefit from a reduction in the rate, while another 3,400 will be directly excluded from the payment of withholdings.

These measures will apply to companies with a current certificate in the industrial and agro-industrial sector that in 2020 exported less than US $ 3 million or that did not register sales abroad.

The Ministry of Productive Development highlighted that the tax benefit reaches 50% of the total number of exporting MSMEs, an amount that extends to 80% if the reductions in withholdings arranged last year are added, with the aim of promoting greater added value to the exported products.

Depending on the fact that there are about 200 companies with expired SME Certificate, it will be allowed to start the renewal process so that they can access the benefit; And in the case that they carry out this procedure, the total of the companies that would pay less withholdings would be about 4,000, 86% of the total.

Kulfas said that it is “an important measure because it stimulates the export development of SMEs, framing it within a more general scheme”, referring to the recent launch of the Federal Export Development Plan aimed at training 15,000 SMEs.

The idea of ​​official support for the SME productive sector is that companies “begin to export or to increase their exports and get more markets, within the framework of financing lines, where there are already more than 10 credit lines for $ 80,000 million at rates. subsidized “.

In October, the Government has finalized a process of readjustment of the entire structure of export duties and reimbursements.

“We noticed that everything was wrongly planned. That there were no adequate incentives and that suddenly there were more export duties for those who produced raw materials and not for those who added value for final goods,” said Kulfas, pondering the readjustment carried out.

Meanwhile, Minister Guzmán said that the presentation of the new measures “points to two fundamental axes for the development of the Argentine economy: on the one hand, to promote the production of SMEs, which generate work based on effort and give more dynamism to our economy. “

“And on the other hand,” added the minister, “boost export growth, a necessary condition for having a calm economy and for tackling the strongest macroeconomic problems in our country, including inflation.”

The benefit for almost 3,800 micro, small and medium-sized exporting companies in the industrial and agro-industrial sectors will be realized through a total reduction of export duties on foreign sales made by MSMEs for US $ 500,000.

At the same time, a 50% reduction in the rate was ordered for the following US $ 500,000 of exports, reaching with the benefit up to one million dollars of exportation.

Merediz highlighted that the announcements “will benefit 50% of Argentine small and medium-sized exporting companies, and is part of a constant effort to strengthen a productive and export development agenda.”

The initiative announced today is part of the official decision to promote the addition of value in the industrial chain and exports with Argentine work, which translates into more quality employment.

Thus, last October export duties were reduced to 5,125 industrial products and in December the rates of 3,641 tariff positions were lowered. Thus, in conjunction with these measures, from now on between 75% and 80% of exporting MSMEs will stop paying export duties.

In addition, in November the Federal Exporter SME Development Plan was launched which, with an investment of 20 billion pesos, seeks to boost the export capacities of 15,000 SMEs, with a package of measures that include training, technical assistance, financing, promotion and positioning through the strengthening of support institutions.

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