ANNOUNCEMENT 28 Apr 2017

The Government of Argentina changed the export rebates regime affecting certain goods enclosed in 18 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. Comercio Exterior. Decreto 294/2017. Available at: http://servicios.infoleg.gob.ar/infolegInternet/anexos/270000-274999/274151/norma.htm

Inception date: 28 Apr 2017 | Removal date: open ended

Tax-based export incentive

On April 28, 2017, the Argentine Government adopted Decree 294/2017 modifying the list of products affected by the exported-related tax credits. This change led to increasing the applicable export rebates on certain products enclosed in 17 eight-digits tariff lines. The new export rebate levels have increased between 0.35% and 6% depending on the product.

Inception date: 28 Apr 2017 | Removal date: open ended

Tax-based export incentive

Decree 294/2017 adopted on April 28, 2017, by the Argentine Government, also eliminated the export rebate on NCM 4203.30.00. The previous export rebate was set at 6.8%.

 
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