ANNOUNCEMENT 22 Oct 2014In October 2014, the government of Argentina announced a change in export taxation.
NUMBER OF INTERVENTIONS
Ministerio de Econom?a y Finanzas P?blicas (2014) Resoluci?n 803/2014.
Ministerio de Econom?a y Finanzas P?blicas (2007) Resoluci?n 394/2007.
In 22 October 2014, the government of the Republic of Argentina, viaResolution 803/2014, reduced export taxes for hydrocarbon goods and their derivatives (crude oil or bituminous minerals).
According to the resolution, the novel export duty will be as follows (old duties stated in brackets):
Prior to the announcement of this resolution, the export duty was 45% if the international pricewas lower than the reference value. In case the international price exceeded or equaled the reference value, the export tax was calculated via the following formula:International Price - Valor de Corte (Cutof Value)/ Valor de Corte (Cutof Value).