ANNOUNCEMENT 02 Dec 2016
The Argentine Government modified the list of products enclosed in the export rebates regime affecting certain goods enclosed in 128 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. Nomenclatura Común del MERCOSUR. Decreto 1207/2016. Available at: http://servicios.infoleg.gob.ar/infolegInternet/anexos/265000-269999/268523/norma.htm
On December 2, 2016, the Argentine Government adopted Decree 1207/2016 modifying the list of products affected by the export-related tax credits. This change led to increasing the applicable export rebates on certain products enclosed in 96 eight-digits tariff lines. The new export rebate levels have increased between 0.5% and 9.5% depending on the product.
Decree 1207/2016 issued on December 2, 2016, by the Government of Argentina, also reduced the export rebates on 32 eight-digits tariff lines. The new export rebate levels have decreased between 0.4% and 9% depending on the product.