Argentina: Many agro-industrial products suffered an increase in withholdings

Published 2021년 1월 1일

Tridge summary

The article outlines the changes in export duties and withholdings for various products from Argentina's regional economies as we move into 2021. While some products like yerba mate, tea, citrus fruits, and tobacco have seen a decrease in export duties, others like fluid milk, cheeses, butter, wine, and tobacco have seen an increase. The article also highlights the new 12.0% export duty on tobacco and the removal of export duties for sweet potatoes and apple juice. However, forage seeds and certain food products like baked goods and dry pasta have been imposed a 4.5% withholding rate, with peanuts maintaining a 7.0% duty for confectionery and peanut products.

Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

The year 2021 started with the elimination of export duties for different products from different “regional economies”. But for some sectors there is no good news because they will have to pay higher withholdings. The national government, through Decree 1060/20, maintained the export duty rate of 9.0% for powdered milk, but also set 4.5% for fluid milk, cheeses, whey and butter, products that until Last year they had been paying a variable rate of 3.0 pesos per FOB dollar (currently equivalent to a 3.3% withholding of the FOB value). The same situation occurred with wines, which this year are taxed with a 4.5% withholding. However, it is worth remembering that the wineries had benefited in October of last year through decree 789/20, which established a reimbursement of 7.0% for external sales of fractioned and sparkling wine (which represented a considerable increase with respect to from the previous level of 3.25%), while in the case of bulk wine it went from 3.0% to 7.0% and in ...

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