Argentina revises export tax rates


On 4 March, the Government announced further adjustments to the export tax regime through Decree 230/2020, after a revision already implemented in December 2019 (FPMA Food Policies), which saw export taxes on soybeans, soy oil and soy meals exports rising from 25 percent to 30 percent and taxes on grains exports going from 7 percent to 12 percent. The new modifications include a further increase to 33 percent for soybeans and soybean products, while a tax segmentation by farm size was anticipated to the benefit of smaller-scale producers. Export taxes on wheat, maize and sorghum exports were left at 12 percent and at 9 percent those on live cattle, beef, chicken and powdered milk. By contrast, taxes on exports of paddy rice were cut from 12 percent to 6 percent and on exports of polished rice from 9 percent to 5 percent. The measure aims to increase State revenues and foresees that increased taxes will apply only to large producers while the burden for smaller-scale farmers will be reduced.

Country: Argentina