The PyME certificate is a document that offers financing alternatives and assistance programs to small and medium-sized companies in Argentina.
The registration of SMEs is a registry that was created in order to have up-to-date information on the composition and characteristics of the different business sectors and achieve their strengthening.
In this article we tell you everything you need to know about the SME certificate, what it is, what the requirements are and a step-by-step guide to obtain it.
Let’s start by seeing what “SME company” means and then move on to the document in question.
What are SMEs?
A SME (or MiPyME) is a micro, small or medium-sized company that carries out its activities in the country, in the service, commercial, industrial, agricultural, construction or mining sectors.
This company can be made up of one or more people and its category is defined according to its declared activity, total annual sales or number of employees.
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SME or MiPyME certificate: characteristics, requirements and categories
The SME certificate (also called the MiPyME certificate) is a document that certifies the status of SME and its categorization before the AFIP, the Ministry of Productive Development and other agencies and institutions, through registration in the MiPyMES Registry.
Who can obtain a SME certificate?
Although it may be thought that this categorization is only for companies, the AFIP MiPyME certificate can be requested by:
- entrepreneurs;
- monotributists;
- merchants;
- professionals;
- any natural or legal person that meets the requested requirements.
Which are the requirements?
Processing the MiPyME certificate has requirements. The minimum conditions to obtain a SME certificate are:
- have CUIT;
- ;
- be registered in the Monotax or in the General Regime (in Earnings and VAT) and
- adhered to TAD (remote procedures).
To request categorization and access the benefits, it is also necessary:
- Declare a fiscal domicile, an email and an electronic fiscal domicile.
- If applicable, submit VAT affidavits for the last three fiscal periods.
- Correctly declare the economic activities, according to the current nomenclature.
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What are the categories?
The categories of the Registry of MiPyMEs Companies are:
- micro;
- small;
- medium-sized company section 1;
- and medium-sized companies section 2.
The conditions that must be met for their registration are detailed in the and were updated in April 2021, through the current Secretariat of Small and Medium Enterprises and Entrepreneurs.
Step by step to obtain the SME certificate
In this section we are going to tell you how to process your AFIP SME or MiPyME certificate. These are the main steps to follow for registration and categorization in the registry.
1. Login to the system
Access with your CUIT and tax code.
2. Go to “Administrator of Fiscal Key relationships”
Within the general panel, click on the “Tax Code Relationship Manager”.
3. Search for “SMEs Request for Categorization and/or Benefits”
In “Interactive Services”, look for and select the service “PyMEs Request for Categorization and/or Benefits”.
4. Restart the session and review the data
Log out and log back in to the system. Now, go back to the service and click on “New”. Check that all the information entered is correct and click “OK”.
5. Complete the “Informative data” section
Next, the system will display the “Informative data” section and the closed fiscal periods. Select whether or not you want to receive the benefit of VAT payment at 90 days. In case you only want to categorize yourself, select the “No” option.
6. Complete Form 1272
Enter the required information on form 1272 according to your tax status.
- MiPyME Certificate for Monotributistas. Click “Next” and then the “Submit” button. Print the acknowledgment of presentation and wait for the approval of the certificate, which will take approximately 48 hours to reach your electronic fiscal address.
- MiPyME Certificate for Registered Managers. In each of the fiscal periods, the sum of the total annual sales minus VAT, the corresponding internal tax and 50% of the amount of exports will appear.
Inform the AFIP to which activity these sales correspond. Click on the “Submit” button and print the submission receipt.
7. Confirm the presentation of the Affidavit
The system will request confirmation of the submission of the affidavit, select “Yes”. Through this option, the categorization request is established as Micro, Small or Medium Enterprise Section 1 and 2.
How to download the MiPyME certificate and print it?
Now let’s see how to download the MiPyME certificate to be able to print it and present it.
In the “Electronic Address” option, select “E-Window”, where you will find the registration confirmation. Then, in your TAD tray, you will receive your SME certificate.
Downloading the SME certificate can also be done from the page of the Ministry of Production by entering the transaction number.
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Validity of the AFIP MiPyME certificate and renewal
The AFIP SME certificate is valid for one year and is automatically renewed. On the fourth month, companies receive a notice at their electronic address that is available for the next 20 days and that contains the information from Form 1272.
Must be renewed prior to expiration in order not to interrupt benefits.
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Registration renewal
The recategorization in the MiPyME Registry is automatic for all those companies that presented the sworn declarations of VAT and Social Charges of the last three years or Monotax, as appropriate.
If the sworn statements are not submitted, the AFIP sends a notice to the electronic fiscal domicile. If the company regularizes its situation within the review period, the automatic re-registration continues its course. Otherwise, you will have to request manual re-enrollment.
- After the AFIP sends the renewal applications, all companies that are part of an economic group, linked to foreign companies or exempt from VAT must manually complete their process.
- Those with the legal form “other civil entities” or “others” have to be contacted so that their request can be verified manually.
- Companies reached by the asset limit must verify their last Income Tax affidavit.
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Unique presentation of balances
The Single Presentation of Balance Sheets (PUB) is an online service for SMEs registered with the AFIP to present their financial statements in a single procedure.
In addition, with this service it is possible to certify the balance only once and access the digital copy of the system.
To make the presentation, it is necessary to enter with the Fiscal Code the service “Single Presentation of Balance Sheets – (PUB)” on the AFIP website.
It is annual and mandatory. Since June 1, 2017, registered MSMEs have to use this service instead of the “Electronic transfer of financial statements”.
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Advantages and disadvantages of obtaining the AFIP SME certificate
If you are contemplating formalizing your business, this may be an option to alleviate the burdens and obligations of an SME.
Next, we tell you the benefits of having a SME certificate:
- VAT payment deferral to 90 days (instead of 30) and non-withholding certificate.
- Reduced rate for employer contributions.
- Compensation of up to 100% of the “Check Tax” in the payment of Earnings.
- Access to subsidized rates in the capital market through the SGR (Mutual Guarantee Companies).
- Elimination of the IGMP (Tax on Presumed Minimum Income).
- Reduction of withholdings for commercial micro-enterprises.
- Financing with the “First Credit for SMEs” plan through the Investment and Foreign Trade Bank (BICE).
- Extension of the discount percentage of checks in the Productive Investment Credit Line for short-term financing.
- Right to export.
- Access to the Investment Promotion Regime.
- Payment plans and special financing.
As for the disadvantages, the main one is the financial and administrative order necessary in the company to carry out both the registration and the renewal in the SME Registry, since all the information has to be correctly organized and updated.
Conclusions
We hope that this content will guide you through the process if you decide to opt for a SME certificate. If your business is not on the internet yet, what do you think? The first 30 days are free!
Finally, keep in mind that this post does not have the nature of advice or recommendation to adopt a specific tax criterion, which should be consulted with tax advisors regarding all tax consequences to the extent deemed necessary.
In this sense, this guide does not constitute advice or professional service by Tiendanube on any particular matter. The company assumes no liability for any damages resulting from or in connection with the use of such information.
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