ANNOUNCEMENT 30 Dec 2016
The Government of Argentina approved new export rebates for a large number of agricultural products.
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.
NUMBER OF INTERVENTIONS
Food and Agricultural Organisation of the United Nations (FAO). Food Price Monitoring and Analysis. Argentina modifies export rebates. http://www.fao.org/giews/food-prices/food-policies/detail/en/c/882017/
Infoleg. Nomenclatura Común Mercosur. Decreto 1341/2016. Modificación de los niveles de Reintegro a la Exportación aplicables a diferentes posiciones arancelarias. http://servicios.infoleg.gob.ar/infolegInternet/anexos/270000-274999/270117/norma.htm
On December 30, 2016, the Government of Argentina issued Decree 1341/2016 approving new export rebates for a large number of agricultural products. This change led to increasing the applicable export rebates on certain products enclosed in 211 eight-digits tariff lines.
The new export rebate levels have increased between 0.1% and 9.5% depending on the product.
In addition, an extra 0.5% export rebate was given to organic products, to those with a Designation of Origin registered and products authorized as "Argentine Food a Natural Choice".
The Government claims that this measure aims to support rural economies, boost production and promote exports.
Decree 1341/2016 issued on December 30, 2016, by the Government of Argentina, also reduced the export rebates on 61 eight-digits tariff lines. The new export rebate levels have decreased between 0.5% and 10% depending on the product.