While waiting for the Base Law to be approved in the Lower House next week, and with it the Large Investment Incentive Regime (RIGI), the Government and the different business chambers are working in parallel to design a bill designed exclusively for small and medium-sized companies, many of which are threatened by the implications that the regime may have for initiatives exceeding USD 200 million.
The different entities advanced with projects and the economic team also has one in preparation, but the official intention is to convene all representatives of SMEs, from all economic sectors, to work together on the design of a new law, in moments when there are plenty of complaints from the private sector regarding the lack of competitiveness and the tax burden.
The Government and the different business chambers are working in parallel to design a bill designed exclusively for small and medium-sized companies.
Those who are preparing the call are the secretaries of Planning and Management for Productive Development and the Bioeconomy, Juan Pazo; and Small and Medium Enterprises, Entrepreneurs and Knowledge Economy, Marcos Ayerra. In fact, they were already transmitted to businessmen days ago. “They say they already have a project, the idea is to make a broad call. They want the discussion to begin once the Bases law is passed and for it to be an objective for the second semester,” they said in one of the entities.
The UIA was one of the entities that already presented a project, aimed at industrial SMEs. He did so before the SME commission of Deputies, during the first week of June, and was well received not only by the legislators but also by the Executive, with whom he advanced in the dialogue for the next call. The factory plant initiative, timely anticipated by Infobae, contains six axes and proposals in each of them: tax simplification; creation of an incentive regime for industrial SME investments complementary to the RIGI; automatic updating of categorization parameters; tools for the internationalization of companies; simplification of the creation of new companies; and access to financing.
Sources from the SME Department of the entity stated that “the idea is to work on the previous law, since it has many very beneficial points for SMEs, but at the same time provide ideas for improving labor costs and benefits for the incorporation of new investments. . There are also measures that have a high fiscal cost, although it is understood that the government has this issue in mind in another law.”
The Argentine Chamber of Medium Enterprises (CAME) also prepared a draft project to come to the table with concrete proposals. In this case, the representatives of industrial and commercial SMEs proposed four objectives: promote greater creation of quality employment in micro, small and medium-sized companies; promote greater formalization of the network of these companies; accelerate the development of productive investments that improve productivity; and boost exports.
CAME businessmen will come to the Government’s call with specific proposals for each of the objectives. “It is a very good initiative from the Government because we always insist that this issue be talked about. “We are having communication with Ayerra and Pazo to start working on the issue and I think that during the next month we would be meeting,” said the president of the entity. Alfredo Gonzalez.
“The first thing that comes to mind is to lower consolidated tax pressure, but we know that this is not possible today because the State needs to adjust its fiscal accounts. I think that from the business chambers it would be irresponsible to ask that of the Government. Yes, you can ask them to commit to doing so when the macro is ordered. What is needed today is that they take care of us, simplifying regulations, procedures, in labor issues, granting financing at low rates. And for that you need to sit down, talk; we are willing. That is, generating conditions, trust, predictability, and there we are going to move slowly,” considered, for his part, the president of the Argentine Chamber of Commerce (CAC), Mario Grinman.
The president of the SME commission of Deputies also has a project to promote the activity of SMEs and the creation of formal employment, Monica Feinwhich proposes the creation of a National Agency for Micro, Small and Medium Enterprises (ANMiPyME) and a Regime for the Promotion of the Development of SMEs.
