ANNOUNCEMENT 02 Dec 2008

The Government of Argentina modified the export rebates regime affecting certain products enclosed in 9 tariff lines.

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

2

  • 1 harmful
  • 0 neutral
  • 1 liberalising

SOURCE

InfoLeg. Ministerio de Economía y Producción. Nomenclatura Común del MERCOSUR. Resolución 656/2008. Available at: http://servicios.infoleg.gob.ar/infolegInternet/anexos/145000-149999/147959/norma.htm

Inception date: 03 Dec 2008 | Removal date: open ended
Still in force

Tax-based export incentive

On December 2, 2008, the Argentine Ministry of Economy and Production adopted Resolution 656/2008 increasing the applicable export rebates on 7 eight-digits tariff lines (NCM 1604.19.00, 1604.20.90, 0303.79.90 and 0304.99.00). The new values have increased by 1%, 3%, 6% and 9% depending on the product.

 

AFFECTED SECTORS

 
Inception date: 03 Dec 2008 | Removal date: open ended
Still in force

Tax-based export incentive

Resolution 656/2008 issued on December 2, 2008, by the Ministry of Economy and Production of Argentina, also reduced the export rebates on 2 eight-digits tariff lines (0304.99.00 and 1604.20.90). The new values were reduced by 1% and 9% depending on the product.