The Senate signed rulings for projects on the promotion of private works and financing of science

The first of the projects that establishes a investment promotion regime for new private works throughout the national territory obtained an opinion this Wednesday in the commissions that met remotely.

This initiative promoted by the Government proposes a series of benefits and tax incentives, among which is a money laundering to be used for investments in private works.

Interested parties may "voluntarily declare" before the AFIP "the possession of foreign currency and / or national currency in the country and abroad "and a special tax will be charged that will be determined" on the value of the holding that is declared ".

That tax will be 5 % when they are entered "from the date of entry into force of this law and until December 31, 2020; 15% when" from January 1, 2021 to January 31, 2021 "and from 25 % whenever "from February 1, 2021 and until February 28, 2021 ".

Among the main incentives the project also proposes exempting personal property tax up to a maximum term of two tax periods at value of investments in the construction of new private works carried out until December 31, 2022.

It also indicates that the owners of real estate or property rights "will enjoy the deferral of the payment of the Tax on the Transfer of Real Estate of Physical Persons and Undivided Successions or Income Tax, as appropriate.

On the other hand, the Science and Technology and Budget commissions advanced with the signing of the opinion for a project that proposes a progressive increase in investment in the national system of science, technology and innovation.

In its articles, the project foresees to increase in the term of eleven years the participation of the investment in this matter with respect to d the GDP, bringing it to 1% of the gross product.

Before the meeting of the commissions that endorsed the initiative, the senators that make them up held a minute of silence for the death of former president and national senator Carlos Menem. [19659010]
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