Debate continues in Deputies for the extension of the tax moratorium

In addition, it establishes the term until October 31 to register in the moratorium, it establishes that the first payment will be due in December and it establishes that social security debts may be paid within a period of between 48 and 60 installments.

Frente de Todos would manage to approve the project and turn it to the Senate with the support of allies, while Together for Change announced that it would abstain in the general vote so as not to go against the general concept of the project, while in the general vote it will reject only the articles with which they do not agree.

Speaking as a member of the majority in the debate, the president of the Budget Committee of the Chamber of Deputies, the ruling party Carlos Heller detailed a series of changes included in the opinion, some of which collected requests from the opposition.

First, it announced that the accumulated debts will be taken until July 31, the original wording provided until June 30 and reported that the articles that set restrictions so that they could join the moratorium on banks and telephone companies.

"We are completely eliminating the restrictions of the subjects reached by activities regulated by the Central Bank, the insurance superintendence and telephone companies," explained and added that they will add in addition to community organizations and non-profit civil associations.

He also reported that on the issue of compliance, it was established that the benefit of being able to deduct the 50% of earnings "includes only one fiscal period."

Heller indicated that the project of the extended moratorium "is not a tailored suit but a tailored suit for all those who need to get ahead, given the serious decrease of the productive activity that existed at the end of last year and that was aggravated by the pandemic. "

" This extended moratorium -with less interest rates- is designed so that the companies that are returning to the activity can survive and to that those who have not yet been able to resume activity have a much clearer horizon in fiscal matters, "closed his presentation.

In turn, the vice president of the Budget and Finance Commission, the radical Luis Pastori, stressed that moratoriums of this type "usually reward the living" who do not pay taxes, but clarified that, "however, this is somewhat imperative", due to the crisis generated by the Covid-19 pandemic.

For his part, the deputy of the Front of All, Darío Martínez, maintained that "this tool will serve all Argentines." Meanwhile, the official Pablo González reported that "there are about 4,600 companies that are in a position to enter into this law."

The national deputy Jorge Sarghini (Federal Consensus) highlighted that the opinion of the moratorium project has contemplated the proposal of its block to "give a prize to good taxpayers", although it questioned that "the bankrupt are within" the benefit.

"We are in accordance with the general reasons that motivate this moratorium, since no one disputes what has come to the world and Argentina with this pandemic, "said the former president of the Buenos Aires Chamber of Deputies.

After clarifying that along with his colleagues from block, Graciela Camano and Alejandro 'Topo' Rodríguez, will vote in favor of the initiative -in general-, he expressed that "whenever a regime of this type is elaborated it is very difficult to distinguish between good and bad contrib evants ", and called for" not to fall into the casuistry and make a fair and equitable law. "

Meanwhile, the secretary of the Budget commission, Marcelo Casaretto pointed out that" this is a moratorium for all, because the National State extends its hands to all Argentines so that they can regularize "and [9459004]" 960 thousand taxpayers with a debt of $ 534 billion "can enter.

The novelty of this moratorium is that not only SMEs are reached as in previous versions but also larger and larger companies belonging for example to the agricultural, livestock, industrial, construction, commercial, services and tourism sectors, will be able to take advantage of the benefits of the moratorium.

Those who have financial assets abroad and do not repatriate at least 30% within 60 days are also out of the possibility of accessing the regime

Another change that were applied in the last hours was the elimination that the Executive Power has the possibility of extending this moratorium without going through Congress.

The project foresees a fixed interest rate of 2% per month for six months and, from that moment, a variable rate in pesos according to the BADLAR interest rate. During the debate, it was also announced that the part of the article that established that it was in accordance with the French amortization system was removed.

It also establishes that the expiration of the moratorium will be due to non-payment of three installments for large companies and six installments. for MiPyMES.

Among the reasons for expiration, in addition to the delay in complying with the payment of quotas, it was established that the largest companies that adhere to the moratorium will not be able to distribute dividends or carry out operations with titles to circumvent the exchange regulations or access the exchange market.