They will rise to 5%: the Government does not plan to extend the withholdings to zero for two meats and an outcry ensues

With one week left until the temporary suspension of withholdings on beef and poultry expires, the Government has no intention of extending the zero-rate scheme. According to official sources confirmed to LA NACION, "it is not planned" to extend the benefit that is in effect until October 31, so starting in November, the original rates will return: 5%. For reference, beef will continue to be exempt from export duties. In the sector, it was warned that the decision comes at an inopportune moment, as the return of the tax will imply a new cost for the export chain and could slow down the momentum that the business had begun to show in recent months. Leaders and analysts agreed that maintaining the zero withholding scheme would be a sign of confidence and predictability, especially now that new export opportunities are opening up with the expansion of the quota to the United States. They emphasized that the fiscal cost to the State is low, with around US$150 million per year in beef, ...