ANNOUNCEMENT 31 Jan 2012
The Government of Argentina modified the export rebates regime affecting certain products enclosed in 175 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
InfoLeg. Comercio Exterior. Decreto 100/2012. Available at: http://servicios.infoleg.gob.ar/infolegInternet/anexos/190000-194999/193659/norma.htm
On January 31, 2012, the Argentine Government adopted Decree 100/2012 Modifying the list of products affected by the export rebate. This change led to increasing the applicable export rebates on certain products enclosed in 115 eight-digits tariff lines. The new export rebate levels have increased between 0.95% and 10% depending on the product.
Decree 100/2012 issued on January 31, 2012, by the Government of Argentina, also reduced the export rebates on 61 eight-digits tariff lines. The new export rebate levels have decreased between 0.95% and 10% depending on the product.