ANNOUNCEMENT 19 Sep 2012

The Argentinian Government introduced a new variable export tax on biodiesel that is to be updated every 15 days.

NUMBER OF INTERVENTIONS

1

  • 0 harmful
  • 1 neutral
  • 0 liberalising

SOURCE

Foreign Trade. Comercio Exterior. Decreto 1719/2012. Modifícase la alícuota correspondiente al Derecho de Exportación aplicable a la posición arancelaria de la Nomenclatura Común del Mercosur, consignada en el Anexo XIV del Decreto Nº 509/2007. http://servicios.infoleg.gob.ar/infolegInternet/anexos/200000-204999/202295/norma.htm

InfoLeg. Poder Judicial Nacional. Comercio Exterior. Decreto 1025/2017. Available at: http://servicios.infoleg.gob.ar/infolegInternet/anexos/300000-304999/304656/norma.htm

Inception date: 20 Sep 2012 | Removal date: 01 Jan 2018
Still in force

Export tax

On September 19, 2012, the Argentinian Government approved Decree 1719 establishing a variable export tariff system applicable to biodiesel (HS Code 3826.00.00) that is to be revised every two weeks. The new tax results from subtracting the total costs plus return on total capital employed to the established reference price, which is then multiplied by 100 and divided by the total costs plus return on total capital employed to the established reference price.

The new tax results from subtracting the total costs plus return on total capital employed to the established reference price, which is then multiplied by 100 and divided by the total costs plus return on total capital employed to the established reference price.

The previous export tariff was set at 32%.

Update
On December 13, 2017, the Government of Argentina adopted Decree 1025/2017 establishing a fixed export tax of 8% abrogating Decree 1719 (please, see related state acts).

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