The Ministry of Economy and Finance (MEF) anticipated that the new industries law would cause, annually, a fiscal blow of more than S/32,000 million, due to exemptions that “would allow industries in cities like Cusco, Puno and Arequipa do not pay taxes”.
During the presentation of the report ‘Systematization of tax reform proposals in Peru, Chile and Colombia’, organized by the Tax Justice Group (GJF), the director of Economic Intelligence and Tax Optimization of the MEFMiryam Yepes, stated that the exoneration, which includes the formula of the defunct promotion law for the development of productive activities in high Andean areas, would be “harmful” if it is brought to the cities.
“We are very concerned. The cost would be S/32,000 million annually, due to issues associated with exemptions in high Andean areas. Basically, it is extending the law of the Amazon [otra ley de promoción focalizada] to other regions,” he said.
The MEF reports that, when the aforementioned law was in force, very few companies—limited to a few provinces—benefited. Yepes also warns of an impact of S/15,000 million with the changes proposed to Law 30309 (R&D&i), which would offer deductions “subject to company expenses.”
BCRP, Minem, IPE and Comex have also presented their objections to the Economy and Finance and Production commissions of Congress, where the device will begin a race to be debated and approved in less than a month and a half.
Industries in the spotlight
For SNI, the scope of the new law represents a greater benefit. The general manager of the National Society of Industries (SNI), Antonio Castillo, maintains that a per capita income of US$20,000 million will be generated after 20 or 30 years of validity, in addition to decentralizing and diversifying the engines of the economy outside of Lima. .
Asked if PL 5892 of the new industry law—which would not be retroactive and would work for companies that are incorporated from now on, according to its authors—would not generate an incentive for fiscal dwarfism, or for companies to close and open with For another company reason, Castillo explained that the necessary “neglect of a productive unit” to access the benefits would make such a possibility unfeasible.
“But if you wanted to invest in a new unit in the mountains or another area, well, you would have the possibility to do so. Normally, it is very difficult for an industry to be dismantled; You would have to make it bankrupt first, and I think that would not be the case”, he explained for La República.
Enerkory expert Rafael Laca also welcomes the reform that would allow mypes, such as bakeries and workshops, directly negotiate the price of their electricity, instead of paying a residential rate, if their annual demand exceeds 50 kW. However, he warned of an impact on the distributor market.
“As regulated, they necessarily belong to a distributor, by law. But as free people they can buy from any generator,” he emphasizes.
Keys
Sheet. There are 8 sectors prioritized in the new industry law, such as agribusiness, textiles and aquaculture, among others.
Rates. Free users pay 40% less than regulated users for electricity, according to SNI.
Source: Larepublica
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