ANNOUNCEMENT 24 Oct 2017
The Government of Argentina temporarily changed the export rebates regime affecting 22 products enclosed in 20 tariff lines.
NUMBER OF INTERVENTIONS
InfoLeg. Poder Ejecutivo Nacional. Nomenclatura Común MERCOSUR. Decreto 853/2017. Posiciones arancelarias. Available at: http://servicios.infoleg.gob.ar/infolegInternet/anexos/280000-284999/281992/norma.htm
On 24 October 2017, the Government of Argentina adopted Decree 853/2017 increasing temporarily the export rebates on 21 products associated with 19 tariff lines. The new export rebate levels have increased from 0% to percentages ranging between 4% and 7.5% depending on the product. The new changes introduced shall be in force until 31 July 2018, after that date, the export rebates will go back to 0%.
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.