Argentina increases soybean exports tax 10%, from 30% to 33%: small farmers will pay less

Wednesday, March 4th 2020 - 07:44 UTC

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Argentina raised taxes on soybean exports to 33% from the current 30%, a spokesman for the CRA confederation of farmers said on Tuesday following a meeting with government officials. Read full article

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Enrique Massot
The increase in crop export taxes has been designed in such a way that only about 25 per cent of the producers -- the largest ones benefiting from economies of scale and producing over 1,000 tons -- will be paying the three-per-cent increase.

For farmers producing between 500 and 1000 tons, the levy remains at 30 per cent.

Farmers producing less than 500 tons annually will pay below the previous 30 per cent.

Products such as wheat, corn, sorghum, milk, cotton, fresh fruit, wine, legumes and wine will remain in the 5 per cent tier.
Mar 09th, 2020 - 05:56 pm - Link - Report abuse 0
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