ANNOUNCEMENT 19 Apr 2010
The Argentine Government modified the export rebates regime affecting tariff line 4401.30.00.
NUMBER OF INTERVENTIONS
InfoLeg. Nomenclatura Común del MERCOSUR. Decreto 500/2010. Available at: http://servicios.infoleg.gob.ar/infolegInternet/anexos/165000-169999/166169/norma.htm
On April 19, 2010, the Argentine Government adopted Decree 500/2010 increasing the applicable export rebates on two products from the tariff line 4401.30.00. The two affected products were:
The new values have increased by 4.05% and 5% respectively.
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.