In the fields of California, Bee flow, born in Argentina, provides professional pollination service to farmers with a formula that combines scientific knowledge, technology and time to multiply yields of crops. Beeflow is another trophy of our knowledge industry. Indie.
Bio number one in Silicon Valley to adopt this type of company and accelerate its early stages, also chose Bee flow and others like an expert in gene editing and dedicated to the manufacture of biotechnological products. In Córdoba, Honda, the Japanese car group, develops software for several of its global models. And in Sunchales, Santa Fe, a group of SMEs created a small plane to go out and compete. The firm is called Aerosun.
These are some examples of one of the most dynamic sectors of the economy, with 36 productive centers in the interior of the country and a strong export capacity. In 2018 the so-called knowledge industry, with US $ 6,000 million, became the third largest exporter after grains and oils and cars.
The novelty is that a law is promoted that was baptized from the Knowledge Economy that is a “continuity but improved” project that Roberto Lavagna knew how to promote when he was Kirchner’s minister and that allowed to develop the software industry.
The Secretary of Entrepreneurs and Pymes, Mariano Mayer, told Clarin: “We aim to 2030 to the creation of 215,000 new jobs, which means double the current figure and US $ 15,000 million of exports.” In his vision, this “talent industry has a double impact because its capacity for innovation improves the rest of the sectors, boosting productivity”. Mayer argues that by having an industrial conglomerate like few other countries in the world, Argentina has a hard-to-match advantage. And as for the law, consensual for months with the protagonists, knows that it will give a battle in the Congress that has gained beforehand. “There is consensus, there is no crack, the knowledge industry is state policy,” he says.
This year the software regime expired and the new law covers more sectors and provides new incentives in a world where many countries go out of their way to attract talent.
The project includes biotechnology, robotics, artificial intelligence, 3d printing, creative industries, satellites, and professional export services. It foresees a decrease in the labor cost and in Profits. Thus, there will be an accelerated non-taxable minimum for not paying employer contributions. If that minimum, which for regional economies and sensitive sectors, is at $ 17,500, for the knowledge economy it will be $ 45,000.
As for the Income Tax, which for the companies as a whole is 30% on profits and another 7% on the distribution of dividends, with the aim of encouraging the usufruct not to be distributed but to be reinvested, in the technological ones it will be of 15% and 13% if profits are distributed. In addition, if exported to a country without a double taxation agreement, taxes that are withheld in that country of destination can be taken on account of Profits. Fiscal stability is another pillar of the law, which includes export duties that can not be raised from the current 4 pesos per dollar and stipulates that those who bill up to US $ 600,000 per year do not pay it.
Billing must come from one of the technological activities and must have a quality certification. 3% of your income must be applied to research and development. 8%, to training. And you have to export at least 13%. Micro companies can access the benefits and have 3 years to meet the other requirements.
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