The Government sent to the National Congress the I count which provides for the increase of withholding taxes on all agricultural production to 15%.
“Set the export duty rate at 15% for all those goods included in the tariff positions of the common nomenclature of Mercosur (NCM) which are not currently taxed with export duties”, reads section VI of the draft dedicated to Export rights.
In any case, as the Minister of Agriculture had agreed, Fernando Villallawith the liaison table and the Agroindustrial Council, There are 18 economies that have been exempted from the increase and will not pay the tax directly: olives, rice, cattle hides, dairy products, fruit, horticulture, beans, lentils, peas, potatoes, garlic, chickpeas, honey, sugar, yerba mate, tea, horses and wool.
While, All merchandise corresponding to the complex wine and lemon essential oil will pay a withholding tax of 8%..
While The tariff on soybean byproducts will increase (flour and oil) at 33%, which puts it on a par with beans and eliminates the difference that existed between the products.
According to current prices, with the increase of these two percentage points approximately $300 million will be raised and as the head of the agricultural portfolio had explained, “partially offsets the cost of reducing it to zero“the sectors that will continue without paying withholding taxes.
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Source: Clarin
