ANNOUNCEMENT 28 May 2018

The Argentine government established a new export tax on soybean oil and soy-based margarine.

NUMBER OF INTERVENTIONS

1

  • 0 harmful
  • 0 neutral
  • 1 liberalising

SOURCE

Official Gazette of Argentina. Boletín Oficial de la República Argentina. Decreto 487/2018. Available at: https://www.boletinoficial.gob.ar/#!DetalleNorma/184513/20180528

Ministry of Agroindustry. Ministerio de Agroindustria. Decreto 1343/2016. http://servicios.infoleg.gob.ar/infolegInternet/anexos/270000-274999/270114/norma.htm

Ministry of Agroindustry. Ministerio de Agroindustria."Modifican el sistema de liquidación de derechos de exportación en las operaciones a futuro del complejo sojero" Available at: https://www.agroindustria.gob.ar/sitio/areas/prensa/index.php?accion=noticia&id_info=180327195528

Inception date: 01 Jul 2018 | Removal date: open ended
Still in force

Export tax

On 28 May 2018, Decree 487/2018 was published on the Argentine Official Gazette reducing from 24% to 10% the export tax on NCM 1517.90.10 and 1507.90.11. Previously the export tax on these products was expected to be reduced to 15% by the end of 2019 as it was planned in Decree 1343/2016 (please, see related state acts for further information). 

The new export duty enters into force on 1 July 2018.

AFFECTED SECTORS

 

AFFECTED PRODUCTS