Milei said the advertised reductions will be permanent
Argentina president Javier Milei announced on Saturday a reduction in export taxes on birds and beef, soy and derivatives, corn, sorghum and sunflower, a measure requested by the country’s agricultural sector.
Milei stated that the advertised reductions will be permanent and “will result in a 20% reduction in export taxes for grain supply chains and a 26% reduction in cattle and meat export taxes.”
Poultry and beef taxes will be reduced from 6.75% to 5%; Corn will be reduced from 12% to 9.5%; Sorghum will be reduced from 12% to 9.5%. Sunflower retention taxes will rise from 7.5% to 5.5%, soybean retention from 33% to 26% and soybean by -products from 31% to 24.5%, Milei said.
“The reduction of taxes will not only benefit the field, but the whole economy,” Milei said in a speech at the opening of the exhibition in Rural Society Argentina (Mrs.).
“We seek to boost the field, which has been severely punished by these taxes in the last 20 years,” he noted, adding that “eliminating taxes retained at source is an obsession with our administration, and we have done a lot of progress in that direction.”
The president took office in December 2023 with the promise of putting the economy back on track, ending the inflation scour and balances public accounts.
“It is important to keep in mind that this [a redução dos impostos] If it should exclusively to the tax surplus we have achieved, which we protect as water in the desert in the face of the systematic attacks of the political class, ”said Milei.
