Tridge summary
The Argentine government has announced a significant increase in export refunds for wine products, with a minimum rate set at 7% for industrial final goods. This change is expected to boost the competitiveness of the wine industry by providing a substantial increase in refunds for fractionated wine and sparkling wines, and providing access to higher refunds for concentrated grape juice or must. José Alberto Zuccardi, president of the Argentine Wine Corporation (COVIAR), views this as a positive measure that will make Argentine wine more competitive in the international market and contribute to the country's foreign exchange earnings.
Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.
Original content
Among the announcements made by the national government to promote exports, an increase of at least 100% was confirmed in export refunds for export wine products such as fractionated wine, sparkling wines and concentrated grape juice or must. In this way, export refunds are raised as a function of value added for industrial final goods to 7%. In the case of fractionated wine and sparkling wines, it represents an increase of more than 100% in relation to the current level of 3.25%; while the benefit is greater for concentrated grape juice or must, which had a limit on the tax refund of 2.5% and will now access 7%, they described from the Argentine Wine Corporation (COVIAR). "The increase in export refunds is a very positive measure for the wine industry. The international market is very competitive, so it is essential that we give producers greater ...
Source: SuperCampo
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