US EditionBanks Warn About the Negative Impact of Changes in Rms
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The Argentine Confederation of the Median Enterprise (CAME) expresses its concern at the elimination of the tax exemption on profits for contributors to the risk funds of the Reciproca Guarantee Companies (SGR). This reform of the tax regime will have a negative impact on one of the most efficient, inclusive and federal instruments for the financing of small and medium-sized enterprises. The SGRs provide guarantees to companies, mostly SMEs, to …
“The impact on the agricultural sector is particularly serious. Small and medium-sized producers depend, in many cases, on the support of the SGR to finance inputs, incorporate technology and leverage their growth.” This is one of the paragraphs in the statement that issued on Wednesday the four chains of the main crops in Argentina -Acsoja, Argentrigo, Maizar and Asagir-, in which they warned for a modification to the tax regime of the Reciproc…
The Argentine Confederation of the Median Enterprise (CAME) expresses its concern at the elimination of the exemption from the profit tax for contributors to the risk funds of the Reciproca Guarantee Companies (SGR). The SGR provides guarantees to companies, mostly SMEs, to obtain credits for production and investment, articulating between the owner and the lending bank. This grant of guarantee obviously has a commission cost, which would be inc…
The UIA warns that eliminating tax benefits to the SGR would put the funding of 100,000 SMEs at risk and compromise 500,000 jobs.
The Association of Argentine Banks (ADEBA), the Association of Specialized Banking (ABE) and Association of Banks of Argentina (ABA) express their concern about the recent approval by the National Congress of the modification to the tax regime of the Reciprocal Guarantee Companies (SGR), which took place on July 10. This legislative decision [...] The post Banks warn about the negative impact of the changes in the SGR appeared first on Trade and…
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