Argentina: The Government modified the withholdings for more than 4,500 products
Argentina
Published Jan 1, 2021
Tridge summary
Through Decree 1060/2020, export duties for regional economies were eliminated. The retentions of industrial final goods were reduced and that of basic or intermediate goods rose.
Original content
INICIO LID MULTIMEDIA CAMPUS UP Through Decree 1060/2020, export duties were eliminated for regional economies. The retentions of industrial final goods were reduced and that of basic or intermediate goods rose. Thursday, December 31, 2020 | 16:18 The Government through decree 1060/2020 in the Official Gazette made changes to the export rights of industrial and agricultural products. There were reductions in withholdings in goods with higher added value and there were increases in goods with less value. In addition, the export duties of many regional economies were reduced to 0%. 4,593 tariff positions were modified (3,641 industrial and the rest of agriculture) and the aliquots became 4.5%, 3% or 0%. Official sources explained that the measure seeks to "unify" the aliquots of products according to "the level of value added" of exports. Industrial final goods and basic inputs remain at 0%, industrial processed inputs remain at 3% and industrial raw materials and industrial inputs ...
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