To access the benefit, companies have to liquidate at least 95% of currencies at 15 days of presented Affidavit of sale abroad (DJVE). This measure only governs for the main grains and by -products, since regional economies are exempt.
Such is the case that official sources of the sector pointed to Scope that This measure will require “greater effort on the part of exporters”, while they will have to examine the way in which they will be operated in the market once all regulations are given. It should be noted that, it still remains that, both the Customs Collection and Control Agency (ARCA)like him Central Bank (BCRA) and the Ministry of Agriculture regulate the loss of the aliquot.
Given the reduction of retentions, the sector requested that the decline be maintained, due to the fall in the competitiveness it suffered in recent years. “What we point to is a reduction in Export Rights (DEX) 0%, “sources from the agricultural segment said.
Low of withholdings: Improvement of profitability
In a report entitled “Productive Motor”of the IERAL of Mediterranean Foundation, He showed that with the current “Crawling Peg” exchange regime, with pre -established fixed monthly depreciations around 2% monthly – which from February will become 1% of the nominal exchange rate – a good result was achieved in The macroeconomic stabilization process, but not for the cereal market. It is that, this devaluation administered eliminates the possibility of a devaluation; that is, of an exchange correction that aims to quickly improve the economic equation of the export sector.
Although after the Low of retentionsfrom Mediterranean Foundation They stressed that the net profitability of the producer (margin after tax) would increase by 12% in core zone (southeast of Córdoba), equivalent au $ s52/ha; and 20% in the extrapampeana zone (Santiago del Estero, center-northern of the country), some US $ 41/ha more.
This profitability rise would be if the reduction of withholdings is maintained throughout 2025. “It looks unlikely that the action is rolled up in the middle of the year, taking into account the legislative elections in October,” they said from the Mediterranean Foundation.
“These dollars ‘extras’ for the producer are, in turn, those who would lose the state of collection, implying a retraction of 8-10% of the total income of the Treasury with respect to the scenario without reduction of the tax,” explains the investigator of the productive section of Ieral, Franco Artushoin the report.
However, this loss is substantially lower than that imposed on the DEX, because as a counterpart more is collected from the Income Tax (+15-21% depending on the area), but also by the tax on the stamps (+6% ), to the check (+4%) and gross income (+2%).
Who wins with the decline in retentions?
When considering the changes in the tax structure and the different levels of government that collect each tax, The provinces would be the beneficiaries after the reduction of the DEX. They would raise 12-15% furtheran extra of U $ S16 per hectare in core and US $ 11/ha in the extrapampeana zone. The countercara is a Lower nation collectionwhich would absorb all loss, raising 14-15% less (US $ S68 in the Yu $ S52 core zone in the extrapampeanna).
“Thus, the tax burden would diminish 6,5-8.2 percentage points in nation and increase from 1.5-1.7 points in the provinces,” summarizes Artusso.
“Together, the total tax burden on the producer (nation plus provinces) would decrease between 5 and 6.4 percentage points after the reduction, but still will remain very high in 2025: it would average 54.4% in the nucleus zone and 60 , 6% in the extrapampean area. Just 39.4%, “the report concludes.
Source: Ambito
