the Tax law It was approved on Wednesday in the Buenos Aires legislature and will provide a benefit to the industry in the province. After the requests and dialogue initiative undertaken by the factory chambers, the Governor of Buenos Aires Axel Kicillof will update the non-taxable base of gross income tax (IIBB) A higher percentage than that proposed in the original initiative. that way, Fewer small businesses will be covered by the tax.
The project that achieved consensus among the various forces in the House of Representatives and the Senate of Buenos Aires IIBB’s minimum will rise by 60%, a significant improvement from 40%. Raised in the original project. A demand from the factories that for weeks led the agenda of meetings that included not only the executive branch, but also visits, one after another, of regional legislators.
The main entities that hold them together –ADIBA, CEPBA, FEBA and UIPBA– They issued a strong statement in which they highlighted the last-minute changes that arose from the dialogue and pressure exerted by the sector that the organizations described As a relief to “the tax burden on thousands of small and medium-sized industries.”
Towards eliminating the overall income of this industry
“While we know that this update does not fully meet the needs of the sector, It represents progress and we appreciate the financial effort involved“The entities indicated in their joint statement.
Until 2008, the industry was exempt from gross income, But in that year, the procedure was modified to create a Taxable floor $60 million, seeking to ensure that only companies with the highest sales pay taxes. However, subsequent inflation shattered that threshold: if this initial amount were updated by the Implied Prices of Manufacturing (IPI-IM), the exemption limit should be about $3,581 million currently. However, the reality is different: the limit applicable in 2023 has only been set at $1,146 millionleaving a much broader portion of the industry, including many Small and medium enterprisesis exposed to the burden of tax and completely obliterates the original spirit of the rule. This mismatch directly affects the competitiveness and cost structure of the productive sector.
For this reason, industrialists see this agreement as a “fundamental step” that should lead to the strategic goal of “moving towards the abolition of the gross income tax on industry.”
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For the business community, the abolition of the IIB is not a whim, but “a prerequisite for improving competitiveness and encouraging productive investment” in the country’s largest province. In this sense, they have committed themselves Continue to work with the authorities to strengthen a tax system that truly promotes development.
In addition to the general benefit to SMEs, the 2026 Tax Law included specific measures that were positively evaluated for their direct impact on the competitiveness of sanctioned materials, such as reducing rates for the beer, paper and cardboard sectors.
Joint work
According to the entities, the tax pressure on these activities was “well above the industry average,” which seriously weakened their ability to compete. Statement It recognized the work of the Minister of Production, Science and Technological Innovation, Augusto Costa, and the Executive Director of ARBA, Christian Girard“for listening to our concerns” and promoting improvements.
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The memo also expands its recognition of regional legislators — representatives and senators — who understood and supported the amendments through their “work and votes.” In a final message emphasizing the value of expression, the organizations highlighted this “Dialogue, expression and joint action between the state and organizations” is the only possible way to achieve growth in the province of Buenos Aires.