Government Confirmed Reliefs for Micro-enterprises After Maintaining the 23.7% Minimum Wage Increase: What Is It About?
The National Government confirmed that the transitional decree that will be issued within the framework of the economic emergency will maintain the minimum wage increase at 23.7%, a percentage that had already been established in December.
TL;DR
- The minimum wage increase of 23.7% will be maintained through a transitional decree.
- This decision was made after a meeting with labor unions and business associations.
- The government will provide relief to micro and small businesses to offset increased labor costs.
- Relief measures include credit lines, payroll subsidies, and potential tax adjustments.
- Tax measures, such as a differential income tax rate for microenterprises, are being evaluated.
- The government intends to expand tax incentives nationally, even if the emergency decree is limited geographically.