One of the first exchange rate measures to be announced Serge Massa after the end of soybean dollar It will be the “techno dollar”, a scheme that makes access to foreign currency more flexible for exporters in the knowledge economy sector, the third largest group of exporters in the country. The announcements are scheduled for this afternoon and will be made by the Minister of Economy and the Secretary of the Knowledge Economy, Ariel Sujarchuk
According to the official invitation, Sujarchuk will announce “measures to promote the growth of activities framed in the Knowledge Economy”. The new trading scheme, the so-called “techno dollar”, will give them benefits for those companies that increase their exports compared to last year.
Unlike the soybean dollar, it won’t be a differential exchange rate, but it is long-term facilitation of access to foreign currencies for companies in the sector, which according to official sources, will be able to join the new Regime until 30 June 2023 and have 24 months to make investments from the approval of the project, which can be extended up to another 2 years.
With the main objective of promoting investments, the advantage for companies in the sector is that exempts the liquidation obligation in the Free Exchange Market up to 20% of currencies that could be entered as a direct foreign investment. “The investment projects, no less than 3 million dollars, must be devoted to infrastructure, capital goods and working capital”, explain the Secretariat for knowledge led by Sujarchuk.
Another advantage that stands out is that of the foreign exchange gained from incremental net exports, to which “companies have access Free availability of 30% of dollars that must be used to pay staff salaries in a dependent relationship “. Therefore, the goal is to prevent the potential resources to work in these sectors of the economy from dispersing abroad.
In other words, this program will allow companies to pay part of their salary in dollars and therefore have an incentive to retain employees, for whom it is better to work “illegally” abroad rather than collect a formal salary abroad. Argentina.
The third and final advantage: one-time transfer of the bonus tax credit on employer contributions, exclusively for companies registered with the Scheme, which carry out exports that represent at least 70% of annual turnover. This measure improves the functioning of the scheme.
The knowledge economy is the third largest export complex in the country and a record number of $ 7 billion by 2022. However, it is also one of the sectors that strongly slows the entry of dollars.
AQ
Source: Clarin
