Macri announced tax relief for SMEs in regional economies

"We have decided to increase the tax-free minimum of the employer's burden of the regional economy workers," President Macri said at a press conference held today in New York. Casa Rosada, to which several governors were invited.

To graphically represent the scope of this measure, the Head of State stated that "no employer will pay tax to work for employees who pay up to 17,500 pesos" and added that charges for those exceeding this amount would be "only for the difference".

Macri made this announcement in the Government House before an audience counting for the presence of several governors: de Río Negro, Alberto Weretilneck, from Chaco, Domingo Peppo; Between Ríos, Gustavo Bordet; and Santiago del Estero, Gerardo Zamora, among others. Also present were ministers of the national cabinet and representatives of chambers of commerce and industry, such as Copal, the Argentine Agrarian Federation and the CAME.

"We are here to share a very encouraging news, especially for the regional economies, which are the heart of many towns and villages" in the interior of the country, said the head of state before proceeding at the announcement, in the clean room.

He pointed out that "nearly half of the enterprises linked to regional economies are SMEs and have fewer than 50 workers", although he said that all were "intended to take more workers".

He acknowledged that in order to hire new workers, SMEs "face obstacles", such as labor taxes that make it "very expensive to recruit people", and explained that, in this sense, the decision to He had taken with the Minister of Labor and Production, Dante Sica, to "relieve them of this burden".

After the announcement, the Minister of Production and Labor, Dante SicaHe expressed the hope that the new measures put in place for small and medium-sized enterprises in regional economies "will generate a significant gain in competitiveness" and "a dynamism in the external market, which covers 44 sectors and will involve more than 250 000 workers ".

The minister said the tax benefits plan would encompbad "nearly 20,000 businesses" and that it "would generate a significant competitiveness gain" and "an impetus to take advantage of the improvements we have made to the foreign market".

According to Mr Sica, the benefits "will affect more than 250,000 workers and close to 44 strong sectors of the territory, and will cover all the activities dispersed in the country, involving more than 25,000 establishments, in which a large proportion of SME Jobs" .

He baderted that the tax impact would be about "3 billion pesos in 2019" and that "we had budgeted that we could meet the balanced budget and start working with a program productive for the output ". exporter ".

This is "an improvement in transversal competitiveness so that the productive sectors can enjoy the same benefits" for export, he added.

The Minister stressed that the working methodology is carried out with the sectoral tables and that "we focus on what is the lowest cost, make progress in improving costs and simplify the bureaucratic structure for exports".

He also replied that at the present time, they were not evaluating a change in the export tax table because they were part of the budget program that we presented, so to preserve fiscal balance problems and a much healthier macroeconomics allowing sectors to develop sustained. "