The Bill under analysis proposes the creation of the Program for the Promotion of Productive Investments and Services in the provinces defined on the basis of the indicators determined by the National Executive Branch, to comply with the provisions of Section 75, subsection 19 of the National Constitution, to be implemented in accordance with the provisions of the Bill, for a period of 5 years as from its enactment, and with the possibility of renewal by the Executive Branch only once for the same term.

As for the possibility of estimating its fiscal impact, the delegation made in Section 1 of the Bill to determine “the Productive and Service Investments in the provinces defined on the basis of the indicators determined by the National Executive Branch”, in conjunction with the broad possibility of promoted activities established in Section 3, does not allow identifying the universe of beneficiaries to make an estimate of the resources involved in the new promoted investments.

Bill S-1682/22 proposes amendments to the Simplified Regime for Small Taxpayers (monotributo).

On the one hand, it proposes to include the updating of the parameter of rents paid by taxpayers to the text of Law 27,676.

On the other hand, it proposes to eliminate the delegation of powers to the Executive Branch to apply the semiannual update, changing to a fixed rate in July of each year for the amounts of income and rents, establishing the CPI as the adjustment indicator.

There is not enough information available to calculate the fiscal impact, and there is a lack of certain details as to the semiannual adjustment mechanism.

Bill S-710/2021 – Freight expense tax credit for small and medium-sized companies of the fruit and vegetable chain.

The purpose of the Bill is to strengthen the competitiveness conditions of small and medium-sized enterprises (SMEs) of the fruit and vegetable chain and to promote development with distributive equity and opportunities.

To achieve this goal, the Bill proposes that micro, small and medium-size enterprises whose main activity is primary, packaging, industrial or commercial production of goods related to the fruit value chain (citrus, olives, grapes, pome fruit, stone fruit, etc.) receive a set of tax benefits by deducting from their tax obligations the expenses incurred in transporting their products.

Given the lack of necessary information on the functioning of the sectoral chain, the OPC is not able to assess the fiscal impact of the proposed measure.