ANNOUNCEMENT 11 Aug 2017
The Government of Argentina temporarily increased the export rebates regime affecting 109 products enclosed in 15 tariff lines.
NUMBER OF INTERVENTIONS
InfoLeg. Comercio Exterior. Decreto 639/2017. Available at: http://servicios.infoleg.gob.ar/infolegInternet/anexos/275000-279999/278121/norma.htm
On August 11, 2017, the Government of Argentina issued Decree 639/2017 increasing temporarily the export rebates on 15 tariff lines. The new export rebate levels have increased by percentages ranging from 1% and 9.5% depending on the product. The new changes introduced shall be in force for twelve months, until August 11, 2018.
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.