ANNOUNCEMENT 31 Jul 2017

The Government of Argentina modified the export rebates regime affecting certain goods enclosed in 11 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 592/2017. Available at: http://servicios.infoleg.gob.ar/infolegInternet/anexos/275000-279999/277521/norma.htm

Inception date: 01 Aug 2017 | Removal date: open ended
Still in force

Tax-based export incentive

On July 31, 2017, the Argentine Government adopted Decree 1207/2016 modifying the list of products affected by the export. This change led to increasing the applicable export rebates on certain products enclosed in 9 eight-digits tariff lines. The new export rebate levels have increased between 0.5% and 4.5% depending on the product.

In two particular cases (NCM 0207.13.00 and 0207.14.00), the increased in the export rebate has a temporary character, valid for twelve months. After this period, rebates go back to their previous value. 

AFFECTED SECTORS

 
Inception date: 01 Aug 2017 | Removal date: open ended
Still in force

Tax-based export incentive

Decree 592/2017 issued on July 31, 2017, by the Government of Argentina, also reduced the export rebates on 2 eight-digits tariff lines (NCM 1005.20.10 and 1206.00.90). The new export rebate levels have decreased by 1.6% and 1.5% respectively.