Argentina: Grain export tax expected to generate additional revenues of US$750m

According to a study by the Rosario Stock Exchange, the raise in tax rates on agricultural exports in Argentina is expected to generate an additional US$750m in tax revenue for the country. The study considered the production already traded and what can still be exported in this 2019/20 crop. Thus, the six main grains traded by the country would yield to the Argentine government US$5.27bn in export taxes.

If an additional tariff increase is also implemented, as permitted by the Emergency Act, the exchange says that revenue from sales of soybean, corn, sorghum, sunflower, wheat, and barley abroad would yield an additional US$113m. This scenario considers an increase of 3% in rates on soybean shipments and processing byproducts.

Source: Valor Econômico

Sharing is caring!