Reduce withholdings for fish products in Argentina

Published Nov 9, 2021

Tridge summary

Argentina's Ministry of Agriculture, Livestock and Fisheries has announced a decrease in export duties for the fishing sector through Decree 754/2021. The decree aims to promote development, incentivize production, and encourage exports of fishing products. The reduction in duties applies to products fully processed in Argentina, including easy peel shrimp, glues, whole premium, and various canned fish and seafood preparations. The new duty rates range from 1% to 9%, with some products like certain canned fish and seafood preparations now exempt from duties. The decree is part of the government's strategy to add value, create jobs, and enhance the territorial presence of the fishing sector.

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Original content

The National Government, through the Ministry of Agriculture, Livestock and Fisheries of the Nation, published Decree 754/2021 in the Official Gazette, in which it established a reduction in export duties paid by the fishing sector on its products "for the final consumption that are elaborated by means of processes that are completely completed in the Argentine Republic ". According to the official decree, the new aliquot scale “is governed by a logic of promoting development and incentivizing production and exports of the fishing production chains with the aim of generating a greater territorial presence, promoting the addition of value and enhancing job creation ”. The ministry communicated in this regard that it is about “ensuring the maximum possible added value in the country in order to obtain an adequate income for national work, as well as promoting, protecting or conserving national activities that produce goods or services, by the same as said goods and services, natural ...

Source: ARInfocampo