The national government has reduced to zero the monthly contributions that industries based in Tierra del Fuego were required to make to the Fund for the Expansion of the Fuegian Productive Matrix (FAMP).
This measure aims to compensate for the loss of competitiveness generated by changes in the national tax and customs scenario that affected the companies' economic equation, as learned from the Argentine News Agency (NA).
The industrial sector, represented by the Fuegian Industrial Union (UIF) and the Association of Argentine Factories of Electronics Terminals (AFARTE), requested this review due to the impact of current economic deregulation measures.
According to technical reports, the current conditions were putting the productive capacity and the maintenance of employment in the province at risk.
The decision was communicated through Resolution 20/2026 of the Secretariat of Industry and Commerce, published this Tuesday in the Official Gazette.
Until this provision, companies adhering to the industrial promotion regime had to make a mandatory contribution equivalent to 15% of the profit obtained from the Value Added Tax (VAT) on the sales of their products.
With the new rule, this rate is set at 0% for all companies operating under the framework of Law 19.640 and its extensions.
The resolution specifies that this reduction does not exempt companies from complying with their own investment projects already approved by the fund's executive committee.
In case of non-compliance, firms will have to integrate the unpaid contributions along with the corresponding interest.
The measure will be in effect as long as the economic conditions that motivated its implementation are maintained.
