Due to the historic drought which has seriously affected producers, the Minister of the Economy, Sergio Massaannounced new economic measures to alleviate the situation.
As detailed by his Twitter account, the manufacturer who is in an area declared an emergency You will not have to carry out any paperwork and you will have direct access to the benefits. This has been arranged in a joint effort between Afip and the Ministry of Agriculture which will be issued with an executive decree.
In this sense it includes a Tax breaks for the 60,000 producers who find themselves in this situation: the suspension of summons and embargoes on current accounts, the suspension of advances on profits and tax breaks in the event of forced sale of cattle.
The suspension of the proceeds of advances corresponding to taxes on income and on movable property rwill choose until the end of the production cycle following the one in which the state of emergency ceases. These are those deadlines that would have been set between February 1, 2023 and the end date of the period of validity of the aforementioned state of emergency.
On the other hand, it will be IRPEF deduction for forced sale of properties so that producers can deduct 100% of the benefits deriving from the forced sale of cattle, sheep, goats or pigs from the income tax balance.
In the case of the monotax, the monthly obligations corresponding to the tax component whose due dates operate during the period in force of the state of emergency or the agricultural disaster area will enjoy the benefit.
Similarly, the official noted that a 48 installment payment plan regularize debts with Afip, so that producers can access existing financing lines in the context of the agricultural emergency.
The number of installments will depend on conditions of equity for the normalization of debts, taking into account the origin and type of debt to be canceled and the assessment of the degree of fulfillment of one’s formal and material obligations.
According to Massa, from August to today has committed more than $40,000 million in plans and programs for the different chains. “We will continue to apply and take the necessary steps to help mitigate the adverse effects of La Niña,” she said.
To which he added: “We are facing the most severe drought in Argentine history and that is why we will accompany our producers with exceptional measures, which have sometimes not been able to access the procedures”.
The Ministry of Agriculture reported last week that cCredit of the first installment started for the 4,318 beneficiaries of the Impulso Tambero Programwhich assists with compensation for four consecutive months the producers of milk up to 5,000 liters per day affected by drought and the impact of the so-called soybean dollar on food costs and land rent.
And also the Ministry of Economy formalized the creation of the Argentine production enhancement program assist producers who enter and keep fattening cattle in pens for a minimum period of 120 days and send them for slaughter for the domestic market within a period not exceeding 30 days.
Source: Clarin
