US EditionArgentina Reapplies Export Taxes on Grains and by-Products
19 Articles
19 Articles
Argentina reinstates grain export taxes after $7bn sales cap reached
Argentina has restored export taxes on grains and their derivatives after reaching its predetermined $7bn sales threshold in just three days, bringing an abrupt end to a tax holiday that had triggered intensive Chinese buying.
Argentina reapplies export taxes on grains and by-products
BUENOS AIRES (Reuters) -Argentina has reapplied temporarily suspended export taxes on grains and their by-products, as well as beef and poultry, after reaching a sales cap of $7 billion, Argentina’s ARCA fiscal agency said on Wednesday in a post on social media. On Monday, the government issued a decree suspending export taxes on soy, corn, wheat and their by-products, including biodiesel, aiming to accelerate sales abroad and secure much-needed…
The measure was planned to reach the ceiling or until 31 October. The objective was to generate greater foreign exchange flow in full exchange voltage.
Argentina once again recorded exports of grains and their agro-industrial derivatives, after reaching the sales limit of $7 billion by which it would govern the temporary suspension of taxes, said the tax collection agency Arca in its social network account X. Thus, the exports of soybeans and their derivatives from Argentina again have rates of 26% and 24.5%, respectively, and those of maize of 9.5%, after less than three days of having the ben…
Coverage Details
Bias Distribution
- 60% of the sources lean Left
Factuality
To view factuality data please Upgrade to Premium
