ANNOUNCEMENT 04 Feb 2010In February 2010, the government of Argentina announced a change in the required local inputs to serve domestic customers.
NUMBER OF INTERVENTIONS
- Decree 376/2001 (created the benefit): http://www.infoleg.gov.ar/infolegInternet/anexos/65000-69999/66567/norma.htm
- Decree 188/2010 (extending the benefit): http://www.infoleg.gov.ar/infolegInternet/anexos/160000-164999/163784/norma.htm
On February 4, 2010, the Government of Argentina announced an extension of a tax-exemption program that benefits capital goods producers. The program, first launched in 2001, grants a tax credit on locally-produced capital goods, amounting to 14% of sales price. The benefit will expire on June 30, 2010.
On June 3, 2010, the Government of Argentina announced a new 6-month extension of the program. The benefit will now expire on December 31, 2010.