IMPLEMENTATION LEVEL

National

AFFECTED FLOW

Outflow (subsidised)

ANNOUNCED AS TEMPORARY

Yes

NON-TRADE-RELATED RATIONALE

No

ELIGIBLE FIRMS

all

JUMBO

No

TARIFF PEAK

No
← back to the state act
Inception date: 12 Aug 2017 | Removal date: 11 Aug 2018
Still in force

Tax-based export incentive

On August 11, 2017, the Government of Argentina issued Decree 639/2017 increasing temporarily the export rebates on 15 tariff lines. The new export rebate levels have increased ranging from 1% and 9.5% depending on the product. The new changes introduced shall be in force for twelve months, until August 11, 2018.

This regime consists of the total or partial reimbursement of the internal taxes related to the production and commercialization of the exported goods. The rebates specify a percentage of the exported good's FOB value that is granted as a tax credit. The tax credit may then be used to pay internal taxes such as the VAT on inputs for the exported products.

It is important to point out that only products with certain particular characteristics such as package volume or species enjoy the rebates.

AFFECTED COUNTRIES

MAP
TABLE
EXPORT

AFFECTED SECTORS AND PRODUCTS

212 Prepared & preserved fish, crustaceans, molluscs
0303 Fish, frozen, excluding fish fillets and other fish meat of heading 03.04.
030366 Hake (Merluccius spp., Urophycis spp.)
030389 Other
0304 Fish fillets and other fish meat (whether or not minced), fresh, chilled or frozen.
030474 Hake (Merluccius spp., Urophycis spp.)
030489 Other
030495 Fish of the families Bregmacerotidae, Euclichthyidae, Gadidae, Macrouridae, Melanonidae, Merlucciidae, Moridae and Muraenolepididae, other than Alaska Pollack (Theragra chalcogramma)

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