By Decree 877/2025 published this Friday at dawn Official Gazettethe government has made a new one official Reduction of withholding tax on the field that reaches various agricultural raw materials.
The measure was pushed forward by the Minister of Economic Affairs, Luis “Toto” Caputowith a publication on its official Xavier Milei.
“Today we are taking a new step towards tax relief for the agricultural sector and pushing forward the permanent reduction in export tariffs for grain and by-product chains. The abolition of withholding taxes has always been a priority for President Javier Milei.”Caputo stated this in his X account days ago.
He continued: “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 also claimed that 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 around 60% of exports.”
The decision published in the Official Journal, which bears the signature of Milei and Caputo, establishes that the new tariffs will be set as follows: soyfrom 26% to 24%; Soy byproductsfrom 24.5% to 22.5%; wheat and barleyfrom 9.5% to 7.5%; corn and sorghumfrom 9.5% to 8.5%; Sunflower: from 5.5% to 4.5%.
In the case of Soybeans, which is the lowest rate in 19 years, as Caputo noted based on the information published by the Rosario Stock Exchange (BCR).
The decision comes on top of other cuts made by the Libertarian government. which had already temporarily eliminated September withholdings, a measure that allowed for $7 billion in revenue against the background of strong exchange rate tensions.
In addition, the government had previously ordered reductions through Decrees 697/24, 38/25, 439/25 and 526/25, reducing tax rates to 0% for the regional economy, dairy products, pork and other activities, with the aim of promoting value creation, export development and the competitiveness of strategic sectors.
According to official foundations, these measures had a direct impact: in 2024, the exported volumes of agro-industrial products increased by 56% and the total export value increased by 26%.
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