The Ministry of Economy announced the reduction of 20% of the withholdings to the field until June and eliminated them for regional economies.
During the day on Thursday, the Government announced the implementation of a tax reform to the production of the field, which will begin next Monday, January 27 “until the end of June”. Under that framework, the executive director of the Customs Collection and Control Agency (ARCA), Juan Pazo, This afternoon received representatives of the agro -industrial sector at the headquarters of the agency.
In order to provide details about the new measure taken by the Ministry of Economy, by Luis Caputo, Pazo was accompanied by the holders of the General Subdirections of Supervision, Sergio Rufail; of legal matters, Gustavo Paturlanne; and Marcelo MignoneDeputy Director General of Customs Legal Technician. In addition, the Secretaries of Production Coordination, B; and agriculture, livestock and fishing, Sergio Iraeta.
As previously transcended, polishing details go through the implementation of the measure. In the export sector they warn that the conditionality of liquidating 15 days to access the benefit, while maintaining the possibility of liquidating within 30 but without the decline of retentions, cannot be applied because the price on board is one.
There, Pazo highlighted the announcement and highlighted the moment in which it occurred: “The benefit will be in force before the harvest of the main crops produced by the country.”
At the meeting they reviewed details with representatives of the private sector, including Margarita Fux (AGD); Pablo Noceda (Molinos); Carlos Di Nucci (COFCO); Alfonso Romero (COFCO); Diego Parente (Bunge); Alejandro Galli (Viterra) and Fernando Jarach (LDC).
Finally, they announced that They will hold an informative and work meeting with the representatives of the link table next Wednesday, January 29.
How would the aliquots be
During the conference, the Government detailed the new scheme for crops:
- Soy: 33% to 26%
- Derivative soybeans: 31% to 24.5%
- Wheat: 12% to 9.5%
- Barley: 12% to 9.5%
- Sorghum: 12% to 9.5%
- Corn: 12% to 9.5%
- Sunflower: 7% to 5.5%
Besides, Retentions to regional economies will be eliminatedsuch as the Sugar and tobacco.
Source: Ambito
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