Argentina's Subsecretaría de la Pequeña y Mediana Empresa, under the Ministry of Economy, updated billing and asset caps for micro, small, and medium enterprises in the MiPyME Registry on Monday. The changes aim for more precise classification based on economic variables and sectors, expanding access to tax and financial benefits. An asset cap of $3,438,000,000 was set for financial, real estate, or insurance firms.
The Subsecretaría de la Pequeña y Mediana Empresa updated the MiPyME Registry parameters, established by Law 27.264, which groups societies, cooperatives, self-employed workers, and monotributistas engaged in commercial, service, or production activities.
The new billing and asset caps reflect economic evolution and sector specifics, as stated by the Secretaría de Industria. This enables "a more precise classification of companies and reduces regulatory barriers, expanding the scope and facilitating access to existing benefits." Key updates include an asset cap of $3,438,000,000 for firms in financial, real estate, or insurance activities, and an exemption for individuals in non-commercial cooperatives.
The voluntary MiPyME certificate provides benefits such as offsetting bank debit and credit taxes against Gains tax and employer contributions, 90-day IVA deferral, export duty exemptions, and SGR financing access. The registry holds 1.88 million companies with valid certificates, with 88% societies and strong representation from self-employed (57%) and monotributistas (20%).
"These modifications ensure that each category reflects companies' real size," officials from Industria stated.
