SMEs should not repatriate funds to enter the scheme

Access the full text of the draft extension of the moratorium approved by Deputies that has already been sent to the Senate. Text complete

After finalizing last night the special session in Deputies that gave half sanction to the projects of extended moratorium and suspension of terms of contests and bankruptcies in the framework of the sanitary emergency, the president of the lower house, Sergio Massa, communicated the parliamentary turn to the Senate.

Access the full text of the moratorium extension that was turned to the Senate:

Moratorium: SMEs should not repatriate funds

As a central change in Deputies, a limit was placed on the obstacle that forced the repatriation of funds abroad to access the extended moratorium.

From Tributum.News point out that MSMEs companies are not obliged to repatriate funds to enter the extension of the moratorium:

Both projects were promoted by the government to mitigate the economic impact derived from the coronavirus pandemic.

The first project debated and approved was the one related to bankruptcies and bankruptcies, which was followed by the extension of the moratorium, voted after 23.

That last initiative was approved with the vote of 137 deputies contributed by the All Front benches, the Federal Interblock for Development Unit, Federal Interblock and the Neuquino Popular Movement, while the deputies of Together for Change abstained.

The bill to extend the moratorium will allow the self-employed, monotributistas and companies to access a payment plan for tax and pension debts accumulated until July 31.

Moratorium: access the text of the bill that entered the Senate

Moratorium: access the text of the bill that entered the Senate

The regulation that is being reviewed by the Senate establishes that plans can be accessed between 48 and 120 installments to regularize the accumulated debts up to that date and provides for prizes for compliant taxpayers.

Moratorium: what changed in the session of Deputies

The president of the Budget Commission of the Chamber of Deputies, Carlos Heller (Frente de Todos), announced that accumulated social security, tax and customs debts will be included until July 31 instead of June 30, and the restrictions that banks and telephone companies had to access the extended moratorium plan that this body is debating this afternoon will be eliminated.

Speaking as a member of the majority in the debate on the draft of an extended moratorium, the pro-government deputy said that “it is not a tailored suit but a tailored suit for all those who need to get ahead,nte the serious decrease in productive activity that existed at the end of last year and that was aggravated by the pandemic. ”

“This moratorium is so that companies that are active can survive and those that have not yet resumed their activities have a clearer horizon,” he added.

Heller advanced that some changes are incorporated into the project based on suggestions from some deputies and he announced that “the overdue obligations were included until July 31” instead of June 30.

Moratorium: what changed in the session of Deputies

Moratorium: what changed in the session of Deputies

He also reported that Articles 2 and 3 that set the restrictions to be able to add to the moratorium such as banks and telephone companies are eliminated In this sense, he said that “we are completely eliminating the restrictions of the subjects reached by activities regulated by the Central Bank, the insurance superintendence and the telephone companies.”

Also reported that on the issue of compliance, it was established that the benefit of being able to deduct 50 percent of earnings “includes only a fiscal period”.

Throughout his speech, Heller explained that the request of the deputy of the Frente de Todos Fernanda Vallejos to join community organizations was included and said that “they can be done by non-profit organizations.”

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