ANNOUNCEMENT 06 Aug 2019

The Argentinian Government has adopted new legislation amending its custom code. The changes introduced affect import duties, export taxes and export rebates.

NUMBER OF INTERVENTIONS

4

  • 2 harmful
  • 0 neutral
  • 2 liberalising

SOURCE

Official Gazette of Argentina. Boletin Oficial de la República Argentina. Nomenclatura Común del MERCOSUR. Decreto 541/2019. DECTO-2019-541-APN-PTE - Arancel externo común. Available at: https://www.boletinoficial.gob.ar/detalleAviso/primera/212953/20190806?busqueda=1

Inception date: 07 Aug 2019 | Removal date: open ended
Still in force

Import tariff

On 6 August 2019, the Argentinian Executive has adopted Decree 541/2019 modifying the national customs code. As a consequence of the changes introduced concerning the exceptions to MERCOSUR's Common External tariffs, as well as to the special regime for the importation of capital goods and IT and telecommunication products, the import duties of 24 six-digits HS Codes have been decreased.

The affected import tariffs have been decreased by values ranging between 3.3% and 24.75%. Before the approval of the new legislation, the applicable tariffs ranged between 3.3% and 35% depending on the product, while the new import duties have been set at values ranging between 0% and 24% depending on the product.

The new import duties have entered into force on 7 August 2019.

AFFECTED SECTORS

 
N/A

AFFECTED PRODUCTS

 
N/A
Inception date: 07 Aug 2019 | Removal date: 31 Dec 2020
Still in force

Export tax

Decree 541/2019 adopted on 6 August 2019 by the Argentinian Executive has also changed the applicable export tax on several goods. In the cases of NCM 0704.10.00 and 2707.50.00, the applicable export duty has been reduced from 14.5% and 17% to 12% respectively.

Please note, that the applicable export tax has a temporary character as they are a consequence of the legislative changes introduced by Decree 793/2018 and apply until 31 December 2020 (please, see related state acts). 

The new import duties have entered into force on 7 August 2019.

Inception date: 07 Aug 2019 | Removal date: open ended
Still in force

Import tariff

The changes introduced by Decree 541/2019 that has been adopted by the Argentinian Executive on 6 August 2019, have also led to the increase of the import duties of three six-digits HS Codes. The affected tariff lines have been NCM 844851, 854110 and 854121.

The affected import tariffs have been increased from 0% to 2% and 3.3% depending on the product and only affects countries outside MERCOSUR's trading block.

The new import duties have entered into force on 7 August 2019.

Inception date: 07 Aug 2019 | Removal date: 31 Dec 2020
Still in force

Export tax

The export tax set on tariff lines 2707.50.10 and 2707.50.90 has also been increased from 12% to 17%.

The new changes have been introduced by the Argentine Executive on 6 August 2019 with the adoption of  Decree 541/2019.

Please note, that the applicable export tax has a temporary character as they are a consequence of the legislative changes introduced by Decree 793/2018 and apply until 31 December 2020 (please, see related state acts). 

The new import duties have entered into force on 7 August 2019.