The reduction in export taxes for various agricultural products in Argentina

Published 2021년 6월 28일

Tridge summary

Argentina's government has announced a decrease in withholding taxes for various agricultural products including pisingallo corn, eggs, rice products, and peanuts through Decree 410. However, pisingallo corn exporters have expressed that the decree is misleading as it lowers the withholding tax to 0% for containers of less than 2 kg, which is not the standard export size. The decree also reduces the withholding tax on raw and processed peanuts, but it is argued that the change will have minimal impact on the peanut export sector.

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Original content

Source: The Nation Author: Fernando Bertello The Government advanced today with a reduction in withholdings for various agricultural products, such as pisingallo corn, eggs, rice products and raw and processed peanuts, among others. However, for example in pisingallo, it implemented a reduction to 0% for a type of container that, according to exporters, has no outlet abroad. Today, with Decree 410, the Government introduced modifications to dozens of products, including those mentioned. The regulation bears the signature of President Alberto Fernández, in addition to Chief of Staff Santiago Cafiero and Ministers Martín Guzmán (Economy), Matías Kulfas (Productive Development) and Luis Basterra (Agriculture). In the case of pisingallo corn, which is used to make popcorn, a reduction in withholdings from 5 to 0% was introduced. Argentina produces between 200,000 and 250,000 tons of pisingallo corn and is the world's largest exporter. Strictly speaking, depending on the years, only ...

Source: Agroeventos