Tax benefits for small producers
Ganado en pasto
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Producers of cattle and sheep

 

Decree No. 88/020 extends the term of the tax benefit in which it grants cattle and sheep producers, who do not pay the Income Tax on Economic Activities (IRAE) for the aforementioned productive activities, the refund of the Tax to the Value Added (VAT) included in their diesel purchases for their development.

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This regime will be applicable to those acquisitions made as of March 1, 2020 for a period of 1 year.

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The maximum profit limit may not exceed 0.4% of the income from the sales of cattle and sheep, corresponding to the last fiscal year closed before July 1, 2019.

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Producers of milk, rice, flowers, fruits, vegetables and beekeepers

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On the other hand, Decree No. 89/020 also extends the term of the tax benefit in which it grants milk, rice, flower, fruit and vegetable producers, and bee producers, who do not pay the IRAE for the aforementioned productive activities, the refund of VAT included in their purchases of diesel for their development.

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This regime will be applicable to those acquisitions made as of March 1, 2020, for a period of 1 year.

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The maximum limit of the benefit referred to in the previous article will be determined by applying to the income originated in the sales of each of the agricultural products, corresponding to the last fiscal year closed before July 1, 2019, the percentages that are detailed below :

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Products Annual Sales Percentage

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Rice 4.00%
Milk 1.10%

Vegetables and Fruit 1.50%
Citrus 1.30%
Flowers 0.40%
Beekeeping 1.10%

 

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Condition:

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For the gas oil acquisitions described in the two previous points to be computable for profit purposes, it will be a condition that they be documented by the service stations or distributors, in electronic tax receipts and separately from the acquisitions of other products. .

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Likewise, the computation of transfers that are not documented in electronic tax receipts is authorized, as long as the transferors report them in the form and conditions established by the General Tax Directorate.

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