When the company's textiles, clothing, footwear and leather goods liquidate wages in November and have to pay employer fees in mid-next month, they will get relief in their accounts. This is due to the government's decision to continue the application of the non-taxable minimum (NIM) of $ 12,000 for payment of fees, a benefit that will be valid until December 2019.
The industry had requested this measure for more than a year even before it adopted the tax reform in December 2017. According to the law, 27,430 companies in these sectors planned a NMI of 2,400 USD this year, but now it will rise to 12,000 USD per employee registered. In addition, from January 2019, the non-taxable state will increase to approximately $ 17,500 due to the adjustment for inflation as determined by the tax reform.
This was the ad's ax yesterday by the Ministry of Production and Work, Dante Sica, at a meeting of the government chamber led by President Mauricio Macri. Businessmen Miguel Acevedo (UIA) attended the meeting; Claudio Drescher (CIAI); Luis Tendlarz (FITA); Sergio Panossian (CIC); and from the Hugo Benitez (AOT) and José Minaberrigaray (SETIA) sectors.
Fashion Week was also announced, from December 6 to 9, with discounts in stores up to 35% and 3 interest rates without interest, which will cost the state $ 150 million. Sales are expected to be about $ 2,500 million.
"Textiles, footwear and leather goods are fundamental to the productive structure in Argentina and we want to follow it at this time while promoting its transformation," says Sica. The minister acknowledged that it is necessary to "work together to increase consumption, maintain the stability of working life and deepen the formalization of workers and the production chain." It was a way of putting in words organized the critical situation that these industries are going through.
According to data from the UIA, the textile chain had 25% in September, while the Moroccan sector says that in recent months, "3500 jobs have been lost and 80 factories were closed." The footwear industry is also affected by the business case and, according to versions, would have lost about 10,000 jobs.
"The measures are very positive because these sectors are most punished, they are affected much by the recession," said Acevedo, adding that "they are finally looking at the industry. "The overvaluation of the non taxable state of employers' fees estimated the industry, to the point that Acevedo said that" it can be replicated in many other sectors. "Although there are no advances in this regard, intensive employment sectors, industries such as food and drink or metalworking in the portfolio.
Consulted at that point, Industrial Secretary Fernando Grasso said that "there is a general production policy, which is to lower the tax burden associated with the work and this guideline is reflected in the tax reform," but added that "the advance payment of the non-taxable position (NIM) is highly focused on textile and clothing industry, footwear and leather goods because of the informality and the most critical situation for these sectors. " "The idea is to focus this and not extend it to other sectors," said Grasso to El Cronista.
During a subsequent meeting with Sica, small and medium-sized entrepreneurs raised the impact of interest rates and other issues on the agenda. "We want the bonus (end of the year) can be taken with regard to national taxes, VAT or social security contributions," said Ariel Aguilar, president of CIMA (Morroquineros). And he said that there is a need for soft lines for the sector, "not exceeding 30%" and an incentive to export.