provinces extend tax payments and announce credit

In this way, they seek to prevent the deepening of the economic and financial crisis in the private sector, affected by the health emergency.

In the context of the sanitary crisis that Argentina suffers from the coronavirus and with the need to preserve hydrocarbon investments, the oil provinces began to apply different variants to sustain activity in their regions.

One case is that of Neuquén, where the terms for the payment of various taxes were extended and $ 2.3 billion were made available to launch credit lines oriented to commerce and industry, and especially to sustain the activities of Vaca Muerta.

The decision of the governor, Omar Gutiérrez, is linked to the extension of the due date of the payment of the Gross Income, Real Estate and Seals tax and credits that will be granted by the Bank of Neuquén for trade and services, tourism, livestock, Vaca Muerta companies and efficiency energy.

“It is necessary to monitor the situation faced by economic actors affected by the coronavirus health crisis (Covid-19),” said the provincial president after having completed a four-hour videoconference with mayors, presidents of the province’s development commissions, National and provincial legislators, security forces, and cabinet officials.

In addition to the Gross Income extension, the province will exempt from the tax on Seals to the operations implemented, within the framework of the emergency decree 366/2020.

On the other hand, the requirement of the tax compliance certificate was lifted and the intimations will be suspended until April 30, all measures that reach 30,000 taxpayers.

In relation to the financing provided by the provincial bank, it aims to distribute $ 2.3 billion through current credit lines.

In the case of commerce and services, medical providers and institutions and health professionals were specifically incorporated to accompany them in new investments.

And within the total amount, about $ 1,000 million was reserved for a “Coronavirus Emergency” line destined to companies with MyPyME status, for working capital and capital goods, with a maximum amount per client of $ 10 million.

To accompany micro and small businesses and self-employed workers and monotributistas who cannot access the bank and who have also been affected by the pandemic, loans will be launched through the IADEP provincial institute with smaller amounts, which will be implemented by working together with the chambers local businesswomen. The initial quota will be $ 100 million.

In addition, the “Provincial Emergency Food Modules Device” was enabled, with an investment of $ 46 million to assist in situations of greatest food vulnerability.

According to the provincial president, it is a complementary measure that seeks to enhance those taken or made available by the Nation (AlimentAr card, special aid for monotributistas) by providing essential food aid that allows them to go through the period of health emergency.

“The impact of these measures will be monitored permanently, together with the private sector from different sectors and regions of the province, and with local emergency committees, to adjust them if necessary,” added the governor.

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