ANNOUNCEMENT 24 Aug 2012

In August 2012, the government of Argentina announced .

NUMBER OF INTERVENTIONS

2

  • 2 harmful
  • 0 neutral
  • 0 liberalising

SOURCE



WTO-UNCTAD-OECD Eighth Report on G20 Trade and Investment Measures, mid-May to mid-October 2012: http://www.oecd.org/daf/internationalinvestment/8thG20report.pdf
Bolet?n Oficial de la Republica Argentina, August 24, 2012, Resoluci?n General 3373/2012 (Administraci?n Federal de Ingresos P?blicos): http://www.boletinoficial.gov.ar/Avisos/VerPDF.castle?f=20120824&s=01&pd=23&ph=0
KPMG, September 4, 2012, 'Argentina - Income tax, VAT rate increases for imports': http://www.kpmg.com/global/en/issuesandinsights/articlespublications/taxnewsflash/pages/argentina-income-tax-vat-rate-increase-imports.aspx


Inception date: 24 Aug 2012 | Removal date: open ended
Still in force

Import tariff

The Argentinean government has increased taxes relating to imports in ResocluciĆ³n General 3373/2012 (published in the official gazette on August 24, 2012).
The general import tax rate is up from 3 to 6% and the rate for the final import of goods (i.e., destined for the use or consumption by the importer) is now up to 11%.
As far as VAT is concerned, certain imports are subject to a VAT rate of 20 or 10% (on products normally classified in the high, respectively the low VAT category), which constitutes a doubling with respect to the previous VAT rates (10 and 5%, respectively).

AFFECTED SECTORS

 
N/A

AFFECTED PRODUCTS

 
N/A
Inception date: 24 Aug 2012 | Removal date: open ended
Still in force

Internal taxation of imports

The Argentinean government has increased taxes relating to imports in ResocluciĆ³n General 3373/2012 (published in the official gazette on August 24, 2012).
The general import tax rate is up from 3 to 6% and the rate for the final import of goods (i.e., destined for the use or consumption by the importer) is now up to 11%.
As far as VAT is concerned, certain imports are subject to a VAT rate of 20 or 10% (on products normally classified in the high, respectively the low VAT category), which constitutes a doubling with respect to the previous VAT rates (10 and 5%, respectively).

 
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