The 2019 Pubic Budget Law N° 27,467, published on 12.04.2018 in the Official Gazette introduced, among others, the following modifications, with regards to customs issues:

 

• Services rendered in Argentina and effectively used or exploited abroad, are assimilated to “goods” for customs purposes and its providers or lessors, considered exporters. We assume that this modification pursues these services to be levied with export duties.

 

• The amount stated in the invoice or similar document shall be deemed taxable value for purposes of the calculation of export duties applicable to such services.

 

• A maximum cap applicable until 12.31.2020 for export duties tax rate that the Executive Branch can state: 30% on the export value or official FOB value, or 12% in case of goods that on 09.02.2018 were not levied with export duties or were levied at the 0% tax rate.

 

• Public corporations ruled by Laws No 13,653 and 20,705 the corporate object of which is science, technology and innovation development, are exempted from exports duties.