On December 10th, 2019, the Secretaría de Emprendedores y de la Pequeña y Mediana Empresa issued Resolution No. 563/2019 (the “Resolution”) in order to update the annual sales amounts applicable in order to qualify as small and medium size company.

Please find bellow the updated annual sales limits (expressed in Argentine Pesos), listed for each activity/sector:

Category Activities/Sector
Construction Services Commerce Industry and  Mining Agricultural
Micro 15,230,000 8,500,000 29,740,000 26,540,000 12,890,000
Small 90,310,000 50,950,000 178,860,000 190,410,000 48,480,000
Medium size tier 1 503,880,000 425,170,000 1,502,750,000 1,190,330,000 345,430,000
Medium size tier 2 755,740,000 607,210,000 2,146,810,000 1,739,590,000 547,890,000

Finally, please note that the Resolution has become effective today.

For more information, do not hesitate to contact Juan Pablo Bove, Federico Otero, Julián Razumny, Agustín Griffi, Pablo Tarantino, or to corporate@trsym.com.