Tax reform -Changes on Export duties and “Statistical fee” on import of goods

Export duties

The Law allows the Executive Power to increase export duties up to 33% for exports of soybeans, 15% for exports of other products that were not subject to export duties as of September 2, 2018, and 5% for industrial products and services.

The Decree extends the application of duties on exports of services until December 31, 2021. The rate is 5% without limit (previously a maximum limit applied of ARS 4 per each US dollar of the amount arising from the invoice).

These new rules went into effect on January 1, 2020.

“Statistical fee” on import of goods

The Law increases the “statistical fee” rate from 2.5% to 3% for imports of goods from January 1, 2020 to December 31, 2020. The Decree establishes progressive maximum limits of “statistical fee,” depending on the amount of the import (up to a maximum fee of US $150,000 for imports whose value exceeds US $1 million).

For imports of certain capital assets and temporary imports, the Decree extends the 0% rate until December 31, 2020.

Source EY

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