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Argentina Tariffs & Taxes

Discussions of certification and testing standards for vertical industrial products, import regulations, temporary Entry, tariffs, prohibited and restricted imports to Argentina.

Argentina Tariffs & Taxes

Postby qszheng_forum » Mon Nov 17, 2008 1:38 pm

ON MARCH 19, 2002, the GOA reduced the number of exemptions (many capital goods remain exempt) from the CET tariff rates. These modifications do not apply to all products that were the subject of supplemental tariff rate increases made during 2001. Capital goods not produced in the Mercosur and imported from third countries will maintain the current zero tariff rates until at least January 1, 2008.

In addition, on January 14, 2005, the GOA issued Resolution 6/05 Sicpme, modifying the Resolution 497 of July 2004, extending preferential tariff rates to selected HS categories dedicated to the automoble sector and its associated sub-sectors.

The GOA lowered import duties on many consumer products by seven percent. The new duties range from 12 to 22 percent, with some exceptions with rates of 35 percent.

The Argentine Government reduced the "Statistical Fee" from 3% to .5% imposed on most imports from countries outside MERCOSUR.

The GOA specific duties on selected items, such as textiles and shoes.

Drawback for imported inputs

Argentina applies a drawback scheme under which exporters are refunded all or part of the taxes they pay on imported inputs (import duties, statistical tax, and VAT) used in the production of an exportable good and in the packaging or presentation of another exportable good.

The export drawback system, regulated by Decrees Nos. 1011/1991, 2275/1994 and 690/2002, together with their amendments or supplementary provisions, reimburses all or part of the internal taxes paid at the various stages of production and marketing of goods manufactured in Argentina, which are exported new and unused for consumption on a commercial basis. The amount refunded may not exceed the amount paid in taxes. The drawback is made in cash, and is calculated on the basis of domestic value added; so if a product has been manufactured from inputs directly imported by the exporter, the rate is applied on its f.o.b. value minus the c.i.f. value of the imported inputs.

Drawback rates are decided upon by the MEP. In September 2006 they varied between zero and 6 per cent. Exports not eligible for drawback include various products in the following categories: meat; fish, molluscs and crustaceans; milk; green vegetables; coffee, tea and mate; rice; products of the milling industry; vegetable and animal fats and oils; and meat, fish, crustacean, mollusc and cereal preparations; starches and milk. The drawback is paid by the DGA once the exporter presents documentation accrediting shipment of the merchandise. Export Promotion Directorate (2006a). The procedure takes between 30 and 60 days.

A 0.5 percent customs fee is assessed on the CIF (Cost of good, Insurance, and Freight) value of most imports.

The VAT rate is 21% (key services may have a rate of 10.5%). The VAT is assessed on the CIF value + duty + customs fee.
(Software is subject to VAT, but the duty only applies to the value of the medium.)

In addition, most alcoholic beverages and consumer electronic products are subject to luxury and excise taxes.

In addition, for controlling tax evasion, the GOA uses an anticipated 10% VAT and 3% anticipated profits tax collected by customs on imports; these tax payments are subsequently credited against other tax liabilities. Thus, in general, there is no net tax increase for the importer.
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Re: Argentina Tariffs & Taxes

Postby qszheng_forum » Mon Dec 22, 2008 2:01 am

TARIFF RESOURCE: TARIFF INFO IN ARGENTINA CHANGES DAILY. FOR MOST ACCURATE INFO CONTACT THE TIC AT 1-800-USA-TRADE.
TAX: There is a 0.5 percent customs administration fee charged on CIF, and a 21 percent value added tax applied on CIF + duty + customs fee. Some products may be subject to additional taxes; specific duties are applied on many items in Chapters 61, 62, 63, 64, and 95.
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