Textile, clothing, footwear and leather goods companies will settle their salary in November and, in the middle of the next month, they will have to pay the contributions made by the employers, which will have relief in their accounts. The Government's decision is to implement a non-taxable minimum 12,000 (NIM) application for the payment of contributions, which will be valid until December 2019.
The industries demanded a measure of more than one year before approving the fiscal reform of December 2017. According to this rule, 27,430 business firms forecast a NMI of 2,400 $ this year, but now they will pay 12,000 dollars per registered employee. In addition, according to January, 2019, the minimum tax duty will be 17,500 dollars, due to the inflation adjustments established by fiscal reform.
That was the yesterday, Dante Sica Production and Labor Minister, in a meeting at the Government House led by President Mauricio Macri. The businessman Miguel Acevedo (UIA) took part in the congress; Claudio Drescher (CIAI); Luis Tendlarz (FITA); Sergio Panossian (CIC); and in the trade unions sector, Hugo Benitez (AOT) and José Minaberrigaray (SETIA).
Fashion Week was also announced, between December 6 and 9, between discounts between 35% and 3% between loans, without interest, which will cost $ 150 million. Sales are expected to be around $ 2,500 million.
"Textile, shoes and leather are the key elements of the productive structure in Argentina, and we want to be together at the same time, and at the same time we want to promote transformation," said Sica. The Minister admitted that it is necessary "to work together to boost consumption, to maintain the stability of employment and to improve the formalization and production chain of the workers". It was a way of raising words that have led to these critical issues that are happening in these industries.
According to the UIA data, the textile garment chain saw a 25% inter-annual rise in September, and the Moroccan sector has "lost 3,500 jobs and closed 80 factories in recent months". The footwear industry has fallen in activity and, according to its versions, lost 10,000 jobs.
"The measures are very positive because sectors are the most punished, they are very affected by the recession," Acevedo said, adding that "they are finally looking at the industry." It would overwhelm the industry's excessive tax burden on employers' contributions, Acevedo said "it can be repeated in many other sectors." With regard to this development, intensive labor sectors, such as food and drinks or metalworking industries, should be in the portfolio.
The Secretary General of Industry, Fernando Grasso, consulted that "there is a general production policy that reflects the reduction in tax burden associated with work and reflects this tax reform," but the "NIM" is linked to textiles and clothing, shoes and leather goods , which is the most critical of the information and the sectors ". "The idea focuses on this and does not spread to other sectors," said Grassek El Cronista.
At a later SICA meeting, SME entrepreneurs analyzed the effect of interest rates and other issues. "The bonuses (at the end of the year) in order to take into account national taxes, VAT or social charges," said Ariel Aguilar, President of the CIMA (Morroquineros). He said soft lines are necessary for the sector "not exceeding 30%" and export incentives.