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1h ago

Argentina Sets Selected Meat Export Duties to Zero Through October Under Decree 685/2025

Exporters must liquidate most foreign-currency proceeds within three business days to keep the benefit.

El costo fiscal de la medida no pone en juego el equilibrio de las cuentas públicas, pero puede llevar a incumplimientos con el FMI
El Gobierno apunta a que la quita de estas retenciones promueva mayores niveles de apertura comercial y libertad económica
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Overview

  • Decree 685/2025 establishes a temporary 0% duty for specified meat exports until October 31, 2025, taking effect the day after its publication in the Official Gazette.
  • The tax holiday applies only to shipments with export permits formalized within the stated window, as set out in Article 3.
  • Exporters are required to repatriate at least 90% of proceeds within three business days of the shipping permit’s approval, or the prior duty rates will be reinstated.
  • The decree provides for sanctions on noncompliance, including legal penalties and loss of eligibility to use the preferential rate again.
  • The government characterizes export duties as a “distortive” tax and positions this step within a broader liberalization push that includes recent grain duty eliminations and earlier cuts under Decree 697/24.