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Government enables US$50 million for the U-20 World Cup

Government enables US$50 million for the U-20 World Cup

As an “exception” and with the signature of Sergio Massa, the import of different products including merchandising for the sporting event that will begin at the end of May and will end on June 11 was enabled.

The Government authorized US$50 million to import all kinds of products for the Sub 20 world free of duties, taxes and fees. This was decided through a resolution of the Official Gazette this Thursday, with the signature of Sergio Massa and Agustín Rossi.

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The document specifies that import duty, Value Added Tax (VAT), internal taxes, fees for statistical services, port and destination verification are exempted “for all items linked to the U-20 World Cup This is how he established it Decree 272/2023.

What products are included

As detailed in the Resolution, the products that will be tax-free are sports equipment, international press and communication media coverage, merchandising products, technological equipment, promotional materials, furniture, credentials, food, medicine and other elements for the organization and development of the U-2020 World Cup to be held in the country between May 20 and June 11. For this, US$50 million will be used as an “exception.”

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For its part, the AFIP is also instructed to carry out the controls “pertinent for the purpose of verifying that the merchandise detailed in article 1 of this decree is affected by the referenced event.”

Source: Ambito

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