Argentina may change tax structure on grain exports

Speculation indicates that the government of Argentina may make some changes in the tax structure of grain exports. According to a market analyst, the negotiations involve a reduction from 33% to 28% for soybeans and an increase from 12% to 15% for wheat and corn. There is no official confirmation.

Two days ago, FADA (the agricultural foundation for the development of Argentina) announced that for every US$ 100 of producer income (revenue minus costs), US$ 63.40 goes toward different levels of government.

The number grew 1.6 percentage points from the last quarter, said the FADA, mainly due to the increase in inputs.

By product, the government gets 67.5% of soy revenue, 55.5% of corn revenue, 59.6% of wheat revenue, and 49.8% of sunflower revenue.

Source: Valor Econômico

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https://valor.globo.com/agronegocios/noticia/2021/09/28/argentina-poder-mutar-estrutura-tributria-na-exportao-de-gros.ghtml

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