The government of Argentina confirms a reduction of withholdings on meat exports

The national government announced a reduction in withholdings for meat exports, a measure that will benefit the complex exporters in the sector. According to the official statement, beef, chicken and pork will see a 25% reduction in withholdings, going from the current 9% to approximately 6.75%. This modification will also apply to products such as eggs, and to all exports of animal proteins, although it is still unknown if it will include fishing. During his speech at the official event of the Rural de Palermo, president Javier Milei mentioned this measure as part of an effort to alleviate tax burdens on the meat sector. “We are going to advance in the elimination of 25% of DEX (withholdings) on animal protein (meats), which affects the sector transversally,” stated Milei. The measures ...