- The revenue that the government has resigned and which still has a decisive influence on December
The Minister of Economy Luis Caputo announced this Tuesday new reduction of Withholdings to agricultural exports.
“Today we are taking a new step towards fiscal relief for the agricultural sector and pushing forward the permanent reduction in export tariffs for grain and by-product chains,” he published on his X account.
“For President Javier Milei, the abolition of withholding tax has always been a priority. And we will continue to do everything we can to achieve this goal as quickly as possible. We have already made a lot of concrete progress in this direction and will continue to do so, macroeconomic conditions permitting,” he added.
The Minister assumes that the rates will be reduced as follows:
- Soybeans: from 26% to 24%
- Soy by-products: from 24.5% to 22.5%
- Wheat and barley: from 9.5% to 7.5%
- Corn and sorghum: from 9.5% to 8.5%
- Sunflower: from 5.5% to 4.5%
“This reduction in withholding tax aims to improve the competitiveness of the agricultural industry, one of the strongest engines of the Argentine economy and responsible for almost 60% of our exports. In this way, we reaffirm our belief that the Argentine countryside will continue to grow, create jobs, promote development in every region of the country and strengthen Argentina’s presence in global markets,” said Caputo.
“The path is clear: less taxes, more production, more opportunities and work for all Argentines,” he concluded.
The revenue that the government has resigned and which still has a decisive influence on December
In November, only the agricultural company was liquidated $759.7 million which represented a 32% decrease from October 2025, but so far this year Foreign exchange income increased by 31%.
During the January-November period, the main complexes of the field were added $30,324 millionreported the Chamber of the Petroleum Industry (CIARA) and pointed to a historical record of the entire seriesfar above that $23,125 million the same period in 2024.
However, as a result of the policy of increasing and decreasing withholding tax adopted by Luis Caputo, the collection decreased due to export tariffs 35% in August; 28% in September; 69% in October And 71% in Novemberas calculated by RIA Consultores. “You have to go to January 2018, when (Mauricio) Macri eliminated Dex, except to find soybeans.” such a low income“, emphasized Javier Preciado Patiño, director of the consulting firm.
As for them Impact on the collectionAgainst the background of a sharp adjustment by the government to reduce the primary deficit, the analyst pointed out that lThe share of withholding taxes in the tax pool fell to 1.6% in October and to 1.5% in November. It will now be represented until 2025 4.1%which is equivalent to the lowest participation in recent years“after 2023, when drought affected production,” he explained.
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