The former head of Customs, William Michelassured this Saturday that as of Omnibus Lawwhich proposes the Government of Javier Milei“a 0.7% of private sector GDP to the National Treasure“. Faced with this panorama, the economist asks the National Congress “discuss the measure with a federal vision that defends the provincial interests“.
The lawyer analyzed on his social networks the “increase” in Export Duties (DEX) and the “impact” on the agroindustry and the regional economieswith the “need” to give a “federal vision” to the measure.
In that sense, Michelle said that “the PEN took note that it lacked legal authority to move forward with the Increase EXPORT RIGHTS (DEX) by Decree and included Section VI within the omnibus law (article 200 et seq.) proposing the generalization of DEX rates of 15% for exports of all merchandise.”
Withholdings: what are the exceptions
Next, the former official listed the “exceptions“:
- “Soy by-products – which are currently reached by an aliquot of 31% (flour and oil) – increase to 33%.
- DEX are increased to 8% for all merchandise corresponding to the wine complex and lemon essential oil.
- The DEX currently in force for hydrocarbons (8%) and mining remain unchanged.
- The DEX rate is maintained at 0% for all merchandise corresponding to the following export complexes: olive, rice, bovine hides, dairy, fruit, horticulture, beans, lentils, peas, potatoes, garlic, chickpeas, honey, sugar, yerba mate, tea, horses and wool”.
William Michel also pointed to the Automotive industrythe regional economies beef, wood, peanuts, wine and products of agroindustrial complex As the corn (“today at 12%”, he clarified) as the “main affected economies” by measure.
He also clarified that “equating the DEX at 33% for soybeans with oil and flour” implies “ignoring the importance of the agroindustrial complex in the productive heart of our country,” fundamentally in the generation of employment in the central region (Entre Ríos, Córdoba and Santa Fe), explained Michelle. “It also doesn’t arise from the project happening with the DEX for services,” she added.
In that same framework, the former head of Customs recalled that “the government of Let’s changethrough Decree No. 1201/18, launched a novel ‘export duty on services‘, which is supported by the modifications to the Customs Code through Law 27,467, which approved the budget for the year 2019.”
“It would not be consistent to tax DEX regional economies and leave out digital economies (considering that Decree 1034/2020 of the LEC sets them at 0% for that industry)”, he added.
Withholdings: how it affects the regions
On the other hand, Michelle emphasized that the “impact of the DEX rise for the export complex and regional economies is projected at USD 4.1 billion”, equivalent to 0.7% of GDP (considering the adjustments introduced in the law and projecting exports of US$90,000 million for the year 2024).
Finally, he considered the provincial origin of the exportsby economic regions and provinces, and showed that “the discriminated impact by economic region would be as follows (publication INDEC):
- Pampeana (77.9%) USD 3,194 M.
- Patagonia (9.6%) USD 393 M.
- Northwest (NOA) (5.7%) USD 234 M.
- Whose (4.1%) USD 168 M.
- Northwest (NEA) (1.4%) USD 58 M.
- Continental Shelf (1.3%) USD 53 M“.
Source: Ambito
