Requirements and Benefits of Credit for Monotributistas in Argentina

• National Bank
• City of Buenos Aires Bank
• Macro
• Comafi (Cordoba, Corrientes, Formosa and Tierra del Fuego)

When requesting access to credit, the worker must demonstrate (in an affidavit) that the money requested It will be used in investments that are related to its economic activity.

You must also submit a credit situation 1 and 2which means that it is not within a medium or high risk of payment delays (according to the scale in the “Central Debtors” of the Central Bank).

This Monday, the AFIP will provide more details of the mechanism to start the management and inscription to obtain the credits announced.

About the productive monotribute

One of the initiatives presented for monotributistas includes the exemption of the tax component for categories A, B, C y D during a period of 6 months. The measure benefits those who bill up to 3,656,604 pesos per year.

In addition, the Minister of Economy announced the “productive monotribute”, a program that will allow those who operate in the informal economy the possibility of formalizing and accessing these benefits.

Minister Massa stressed that the devaluation, imposed by the International Monetary Fund (IMF) two weeks ago, affected all sectors of the economy, and its purpose is ensure that each of these sectors gets the necessary support to maintain its stability.

In addition to these measures, the payment of three bonds of $37,000 for retirees and pensioners in the months of September, October and November.

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