IMPLEMENTATION LEVEL

National

AFFECTED FLOW

Outflow

ANNOUNCED AS TEMPORARY

No

NON-TRADE-RELATED RATIONALE

No

ELIGIBLE FIRMS

all

JUMBO

No

TARIFF PEAK

No
← back to the state act
Inception date: 01 Jan 2015 | Removal date: open ended
Still in force

Export tax

On 31 December 2014, the government of Argentina published Resolution 1077/2014, which overhauls the export tax treatment of crude oil and related products.
 
The new regime maintains the pre-existing structure of the taxes. That is, export taxes on crude oil and related products are calculated as a function of the international oil price as well as a reference price set by the Argentinian government. The tax rate is constant as long as international oil prices are below the reference price. Once they exceed the reference price, the export tax rate increases along with the international oil price.
 
The new regime applies to changes from 1 January 2015. First, the reference value is increased to USD 70 from USD 42 in the original regime. Furthermore, the government substracts USD 8 from the international oil price prior to the calculation of the tax rate. This reformulation reduces the export taxes for any oil price above the original threshold.
 
Second, the constant tax rate applied below the reference value is reduced to a common 1 percent, down from 10-13 percent depending on the product. This change thus also reduces the expor taxes for any oil price below the original threshold.

AFFECTED COUNTRIES

MAP
TABLE
EXPORT

AFFECTED SECTORS AND PRODUCTS

120 Crude petroleum & natural gas
2709 Petroleum oils and oils obtained from bituminous minerals, crude.
270900 Petroleum oils and oils obtained from bituminous minerals, crude.
153 Sands, pebbles, gravel, natural bitumen & asphalt
2714 Bitumen and asphalt, natural; bituminous or oil shale and tar sands; asphaltites and asphaltic rocks.
271490 Other
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
335 Petroleum jelly, coke or bitumen; paraffin wax & similar products
2713 Petroleum coke, petroleum bitumen and other residues of petroleum oils or of oils obtained from bituminous minerals.
271311 Not calcined
271312 Calcined

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