$ 87 to $ 130 – how much each exporter is paid per dollar

The brand new soybean dollar the government has brought into the field adds another step in the dollar degradation that exporters face. Due to the effect of withholding, the pesos that exporters receive for the dollars they deposit in front of the central bank are very different.

Export duties range from 33% paid for soybean and its derivatives to 0% for sectors such as services or micro-exporters. This makes the dollar that every exporter receives, at today’s values they range from $ 87 for soybeans to $ 130 of software exporters, far from the $ 326 the blue dollar is trading at today.

This conservation scheme with an exchange rate gap of around 150% It causes exporters who are content with up to $ 130 to pay $ 325 to access the currency through the Buenos Aires stock exchange or $ 338 in cash with liqui.

This is the scale of dollars that exporters receive:

Soybean Dollar: $ 87

With the wholesale dollar at $ 130 and after applying the 33% withholding tax, both soybeans and flour and oil pay the highest rate of all exports. Until March of this year, soy products were paying a 31% rate, but the government chose to unify the complex’s withholding taxes four months ago at 33%.

Now the government has put in place a differential scheme that will allow soybean farmers who choose this format to improve the exchange rate they access by 10%.

Grain Dollar: $ 115

External sales of corn and wheat are subject to deductions of 12%, which brings the dollar received by these exporters to $ 115.

Meat: $ 118

Export duties on meat are 9%, which brings the dollar bill received by the industry to $ 118. The same rate is the one that operates in withholding taxes on milk powder exports, which access the same exchange rate.

Cotton and rice: $ 123.5

In the case of these two products, the rate is 5%, which also applies to some products of the regional economies.

Dairy and Wine: $ 124

Withholding taxes on wine reach 4.5%, the same rate governs non-powdered dairy products, such as fluid milk and cheeses, and for some fruit and vegetables, such as pear juice.

Mining and Industry: $ 124

The mining business faces a 4.5% withholding rate, as do various industrial products.

Car: $ 124 to $ 130

Automotive terminals and auto parts companies pay withholdings of 4.5% and 3% respectively, again up to equal the amount of exports invoiced in 2020. If they export beyond that limit, the tariff for these incremental exports goes to 0. %, then they receive the dollar at a wholesale price.

Services: $ 130

Exports of services encompassing everything from software to accounting and legal assistance, have been exempted from paying withholding taxes from 1 January of this year. Until 2021 they paid export duties of 5%.

Another sector that does not pay withholding taxes are entrepreneurs and SMEs who sell abroad less than US $ 600,000 per year. These micro-enterprises are part of the Exporta Simple scheme, originally launched in 2017 to facilitate the overseas sales of small amounts and volumes.

Certain products from regional economies, such as pears and apples, were also released from withholding taxes.

AQ