Government Summit with Automotive to analyze tax decline

Government Summit with Automotive to analyze tax decline

February 11, 2025 – 12:00

The meeting between the companies and officials of the economic team was held yesterday. The government asked that 0km prices fall

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Members of the economic team met yesterday with car importers and manufacturers, grouped in Cidoa and Adefato analyze details of the recent decrees published for the automotive sector: that of internal tax decrease and, especially, that of the Elimination of the 35% tariff for the importation of extrazone hybrid and electric vehicles.

In the latter case, what was announced was the decline of that tax and the establishment of a quota of 50,000 units per year To enter the country with that benefit.

The meeting was headed by the Secretary of Industry and Commerce, Esteban Marzorati And the entities participated separately.

The balance of the meeting showed the following data.

  • The quota of 50,000 units will be by company and not by brand. This means, for example, that if an automaker has several brands (the case of Stellantis), he must distribute his share between each of them. Obviously, the company that markets a single brand (for example, Mercedes-Benz) benefits.
  • They will enjoy this benefit the cars with electric motorization, plug -in hybrid, non -plug -in hybrid and Mild Hybdrid. This last case was in doubt, but it was clarified that it will also be inside the quota.
  • It was not formalized, but The idea is that the quota is distributed 50% for Importers of Cidoa and 50% for Adefa. This would be an important point because the market is dominated by ADEFA, with 98% of sales, and the rest for imported brand distributors. In this way, the greatest competition would be favored.
  • Another point that was treated, but the official was blunt in not accepting changes, is the issue of the FOB Limit value. The benefit is for cars that have a value of less than US $ 19,000 FOB, about US $ 28,000 to the public. Importers and Adefa wanted that top to rise to enter greater prices models that matter today, but there was no positive response. This decision (and others that were taken as the elimination of the country tax) has to do with the central objective of the government that is that the prices of the 0km fall. Therefore, they do not want to raise the FOB value that, as it is, seeks to grow the offer of more accessible cars. In fact, it was explained that to distribute the quota, the brands that prices are most lowered will be taken into account. This runs both for importers and adefa terminals, which are the ones that matter the most.

Something that was clear from the meeting is that the minister (Luis) Caputo wants the prices of all cars to lower and in that line all measures go. It has a limit that is Mercosur, which has norms and cannot be changed. But, within the possibilities it has, the measures that are announced, seek to lower prices, “he explained to Scope An entrepreneur who participated in the meeting.

Source: Ambito

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