President Javier Milei announced a “permanent” reduction. This impacts both the agricultural sector and the beef and avian.
He president Javier Milei presented an important reduction in the Export withholdings that affect the agricultural, livestock and poultry sectors During the official inauguration of the Rural Exhibition of Palermo. The president said that this measure will not be modified while he is in charge of the Executive. “They will be permanent and will not be back while I am in the government; Eliminating withholdings is an obsession, ”he said.
How are the withholdings
The decision, long expected by the producers, aimed to reduce the tax burden of one of the most relevant sectors of the national economy. The new aliquots established that the Retentions on the meat of steer and aviar They will pass from 6.75% at 5%. Meanwhile, the soy grain will go down from 33% to 26%their Derivatives of the 31% to 24.5%and both the corn like sorghum of the 12% to 9.5%. He sunflowermeanwhile, will have a decline in 7% to 5.5%.
The president explained that these reductions were already in force among the January 27 and June 30and that will now become definitive. In the case of wheat and the barleythat they will maintain the 9.5% rate to him March 31that aliquot will become permanent once that term is fulfilled.
From the Rural League, Milei remarked: “This seeks to impulse the field, the sector with the greatest productivity of the economy and strongly punished for these taxes in these last 20 years”In addition, he added that the measure will also incorporate transient reductions over Wheat and barleywhich will be established fixedly.
The president closed his speech highlighting the general impact of the ad: “This results in a reduction of retentions of the aliquots for the grain chains of 20%, and a reduction of withholdings to the cattle chain and meat of 26% that will be permanent”
News in development.-
Source: Ambito
