The Export withholdings represented 4.5% of the total collection of the national state and The recent measure to remove them temporarily He fed the expectations among the producers that the decision was going to prolong.
Faced with this, the governors of the Provinces of the agricultural nucleus zone, which are the most affected by the tax, analyze what a way to eliminate them could be with the lowest possible fiscal cost.
Some studies, for example, indicate that recent elimination until reaching a maximum of U $ 7,000 million will impact 2026 with an improvement of 0.1% of GDP in the collection of the income tax, because it implies an increase in this year’s turnover.
Pullaro’s idea
Following that reasoning, In the Santa Fe government they argue that the definitive removal of export rights could be recovered with an increase in internal taxation equivalent to 85%. For example, in 2024 the withholdings left $ 6 billion, over a total of $ 131 billion. So, it means that if there had been no export rights, the collection would have been about $ 5.1 billion.
The idea was presented by the Minister of Economy of Santa Fe, Pablo Olivares, within the framework of a panel on Tax Reform of the Amcham Agribussines Forum, Organized by the Chamber that represents United States companies in the country.
“In Santa Fe it is part of our public agenda. Our governor has been insisting that the fiscal is generating a negative effect on the external and macro sector in general, ” Olivares said when asked about the issue of withholdings.
The official said the tax is negative “Not only from the producer’s point of view, which is the most suffering, but of the entire sector.”
“It is a matter of superior well -being. We all know that the productive border would be much higher if there were no retentions. There would be many millions of tons if we did the contrafactic, ”added Maximilian Minister Pullaro.
Olivares explained that the improvement of internal collection could be much better due to own estimates, and very rigorous works of the Rosario Stock Exchange.
Could raise production in 16 million tons
According to what he explained, there would be one “Recovery with internal taxation due to greater turnover by aggregate demand“The other source of greater income would be for”possible 16 million additional tons that would be induced ”when removing the tax.
“Of course she enters to play that the withholdings They do not co -participate and internal taxation if, but it is much easier to agree on how to distribute that recovery sovereign the greatest taxation ”explained the Santa Fe official, who also said that “would have an effect on lower evasion.”
Mendoza supports the removal of retentions
For its sideVictor Fayad, Mendoza’s Minister of Finance and Finance, He considered that although exports of regional economies, such as Mendoza, have no retentions, can also benefit if they are eliminated.
“That there are no retentions implies that there is more arable area and if so, There are more income taxes and that implies more co -participation for the provinces ”Said Governor Alfredo Cornejo official.
According to different estimates, the fiscal cost of having temporarily eliminated the withholdings to soybeans, wheat and corn until reaching US $ 7,000 million implied a fiscal cost equivalent to the 0.15 points of the GDP, which represents about US $ 1,500 million.
The Argentine Institute of Fiscal Analysis (Iaraf) estimates that for that benefit cereal companies will have some more profitability than when taxed with the income tax, which would leave a 0.1 point of the GDP, but only in 2026, since profits is an annual tax.
Source: Ambito
