ANNOUNCEMENT 05 Aug 2013

In August 2013, the government of Argentina announced a change in export taxation.

NUMBER OF INTERVENTIONS

1

  • 0 harmful
  • 0 neutral
  • 1 liberalising

SOURCE



Resoluci?n General 3519 of 5 August 2013, published in Official Gazette of 12 August 2013 (in Spanish): http://www.infoleg.gob.ar/infolegInternet/anexos/215000-219999/218383/norma.htm

WTO Trade Policy Review on Argentina of 14 June 2013, WT/TRP/S/227/Rev.1, Chapter III (p. 97): http://bit.ly/Q4IU31


Inception date: 01 Jun 2013 | Removal date: 30 Dec 2013
Still in force

Export tax

On 5 August 2013, the Federal Administration of Public Revenue (AFIP) issued General Resolution 3519 updating the reference values applicable to Argentine shortfin squid (illex argentinus) for export. The measure lists a price per kg in USD to each type of squid product including the countries of destination. The reference values affect the Mercosur Nomenclature (NCM) code 0307.99.00 and the values for each type of squid range from USD 0.90 per kg to USD 4.2 per kg.
 
Compared to the previous resolution (i.e., General Resolution 3110 of 2011, see also 'Related Measures'), this one differs in three points:

  1. The reference values showed a slight decrease concerning some types of squid.
  2. The values do not apply to Middle Eastern countries as export destinations anymore.
  3. The measure stipulates that the actual export price shall not deviate by more than 20% from the reference value noted in the resolution. This is an increase compared to the previous level of tolerance which was was set at 12%.

 
Argentina introduced reference values of precautionary nature for exportgoods in 2005 (in Spanish: valores referenciales de carácterpreventivo). The stated purpose is to safeguard the revenue derived fromthe payment of export duties (see WTO Trade Policy Review).The reference values are based on free on board (FOB) prices in USD. Alist with all current reference values can be consulted under: www.afip.gob.ar/Aduana/valoracion/Valores%20Referenciales%20vigentes.pdf
 
The measure was effective from 1 June 2013 until 31 December 2013. It suspends the previous General Resolution 3110 from 2011 (see 'Related Measures').

AFFECTED SECTORS

 

AFFECTED PRODUCTS