IMPLEMENTATION LEVEL

National

AFFECTED FLOW

Inflow

ANNOUNCED AS TEMPORARY

No

NON-TRADE-RELATED RATIONALE

No

ELIGIBLE FIRMS

all

JUMBO

No

TARIFF PEAK

No
← back to the state act
Inception date: 22 Nov 2014 | Removal date: open ended
Still in force

Tax or social insurance relief

On 22 October 2014, the President of Argentina Cristina Fernandez de Kirchner granted a tax break to Pan American Energy LLC (an oil and gas exploration and development company functioning as a subsidary of Bridas Corp). According to consistent press reports, this selective tax cut lowered the rate that Pan American Energy LLC pays on crude exports to 10 percent from previously 45 percent.
According to industry intelligence, Pan American Energy LLC is the second largest oil producer in Argentina with a market share of 17 percent.

AFFECTED COUNTRIES

MAP
TABLE
EXPORT

AFFECTED SECTORS AND PRODUCTS

333 Petroleum oils & oils of bituminous materials, other than crude
2710 Petroleum oils and oils obtained from bituminous minerals, other than crude; preparations not elsewhere specified or included, containing by weight 70 % or more of petroleum oils or of oils obtained from bituminous minerals, these oils being the basic con
271012 Light oils and preparations
271019 Other

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