With 86 votes in favor, 10 against and 14 abstentions, the Plenary Session of the Congress of the Republic approved the replacement text that promotes competitiveness and employment in the textile, clothing, agricultural and irrigation, agro-export and agro-industrial sectors and promotes their economic reactivation . This initiative has the Executive Branch as one of its authors.
According to the approved text, it is established that textile and clothing companies that reinvest their utilities After paying the income tax, they will be entitled to a tax credit of 20% of the reinvestment of the amount of annual profits, during 2024, 2025, 2026, 2027 and 2028.
Likewise, the machinery and equipment used by companies in both sectors and have been acquired between 2024 and 2028, being affected by the production of taxable income, “may be depreciated by applying the annual depreciation percentage to its value up to a maximum of 33. 33% for machinery and equipment acquired in the years 2024 and 2025, and 20.0% for those acquired in the years 2026, 2027 and 2028, until its total depreciation,” says the now autograph.
Incentive for hiring personnel
To promote employment in the textile, clothing and agricultural sectors, it is established that companies in these sectors hire one or more new workers, for the purposes of determining the income tax for the taxable years 2024, 2025, 2025, 2027 and 2028, may apply an additional deduction equivalent to 70% and 50% for the years 2024 and 2025, and 30% between 2026 and 2028, of the basic remuneration that pays the new worker, regardless of their working hours and their contractual modality.
Agroexporters will contribute less to EsSalud
Another benefit that the approved autograph grants is the lower monthly contribution that companies will make. agro-exporters to EsSalud for workers for five years.
In detail, it is specified that companies will contribute to EsSalud a rate of 6% on the remuneration items actually paid in the month, from January 2024 to December 2028.
Source: Larepublica
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