Overview
- The decree 877/2025 took effect upon publication in the Official Gazette, permanently lowering export levies using an NCM-based annex to set product-specific rates and exemptions.
- New rates are set as follows: soybeans 24% (from 26%), soybean meal and oil 22.5% (from 24.5%), wheat and barley 7.5% (from 9.5%), corn and sorghum 8.5% (from 9.5%), and sunflower 4.5% (from 5.5%).
- The government describes export duties as a distorting tax to be reduced and ultimately eliminated as fiscal surpluses allow, and notes targeted 0% rates for certain NCM-defined products and presentations.
- Signatories include President Javier Milei, Chief of Cabinet Manuel Adorni, and Economy Minister Luis Caputo, who highlighted that the soybean rate is the lowest in nearly 19 years.
- Sector groups of producers, exporters, storage operators and brokers welcomed the move as a competitiveness boost and called for a clear roadmap to fully remove retenciones.