Afip said the advance payment of income tax would reach almost 2,000 companies.
The Business Convergence Forum, which brings together 60 chambers and 25 associations, joined the UIA this Saturday in its call for the increased tax burden that prepayment of income tax will mean for businesses.
For the body, the resolution 5248/2022 of the AFIP implies in practice that “the recourse to the greater tax burden on taxpayers instead of rationalizing public spending“. The Forum is composed, among others, of AEA, IDEA, ACDE, AmCham and Rural Society.
According to the Forum, Earnings Advance “it affects the working capital of companies -because it obliges unscheduled payments in advance- in an economic context of high rates long-term interest and shortage of credit e it does not take into account the fact that the companies concerned could have benefited from tax breaks in the previous years”.
Furthermore, they say in a statement released this Saturday, “the Senate has approved in committee the new Fiscal Consent which provides that the Gross income rates should not exceed those established for each assetwhich makes it possible those jurisdictions that are below the maximum rate increase the rates to equate them and ratify the decision to analyze in 2022 i possibility to legislate on an inheritance tax “.
“This new Fiscal Consent – they add – adopts the reverse path signed in 2017, which was an agreement in which the provinces pledged to gradually lower some distorting taxes on the economy, and they even agreed that some businesses would become exempt for 2022. But, in practice, it was only in force during 2018 “.
“Our country is already experiencing a very high tax burden has grown strongly in recent decades and affects the competitiveness of our economy, “says the Business Convergence Forum.
And he believes that «in order to grow further and stimulate productive investments, we must proceed with opposite direction” to which the Earnings Advance Resolution and the new Fiscal Consent are proposed.
Also the UIA
On Friday, the Industrial Union had assured that the increase in the tax burden that the Advance Profit means could jeopardize the economic recovery. And this would not only affect large companies, but also some medium-sized ones.
“The universe of industrial companies reached (by the advance) represents 54% of formal employment and 70% of the wage bill. In turn, the universe of companies reached reaches about 84% of total exports”, he has declared. she notices to her partners.
The UIA has complained that this is not the first increase in the tax burden, added to obstacles in foreign trade.
In his opinion, the extraordinary advance deepens the lack of predictability necessary for the recovery of the economy and increases the financial cost of the productive sector, “in a context of great difficulty in obtaining resources to finance productive projects”.
“Furthermore, it undermines the future situation, as it anticipates resources that would be obtained in mid-2023 and which, if this measure is implemented, will not be received next year. Thus introducing a new factor of unpredictability on the mechanisms that will be designed in the future, with a greater potential tax burden for the financing of public accounts in 2023 “, said the body.
NEITHER
Source: Clarin
