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Groundhog Day: The field celebrated Caputo's announcement about the reduction of the PAIS tax, but asked for more certainties.

Summary by La Nacion
After the Minister of Economy, Luis Caputo, anticipates that if the Basic Law is approved in Congress, the Government will advance in a reduction of the PAIS tax for imports from 17.5% to 7.5%, the agricultural sector highlights the initiative, although they point out that knowing when and how it will be done is a priority. They also indicate that its definitive elimination by year-end would be a 'resounding' change. The PAIS tax is a non-copart…

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la Nacion broke the news in Buenos Aires, Argentina on Monday, June 10, 2024.
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