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ARCA, Argentina's tax agency, announced that importers will no longer have to prepay 95% of the PAIS tax to access US dollars for foreign trade. The 7.5% reduction in the tax applies only to imports and transport, while dollar card payments stay at 30%, and the PAIS tax is scheduled to expire at the end of December.
Lower import costs and a lower implicit exchange rate for imports may ease the cost of importing feed inputs into Argentina, which slightly supports demand for imported goods and firms the peso.
buenosairesherald.comBuenos Aires HeraldNov 26, 2024Not enough comparable past events yet for a historical read.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.
