The national government increased the Biodiesel export duty rate to 15 percent the Decree 486 / 2018, published this Monday (28.5.2018) in the Official Gazette.
In December 2017, the new administration set the export duty rate at 8%, which was at 0% as of Decrees Nos. 133/15 and amendments.
In accordance with the progressive reduction of the export duty rate on soybean oil established in Decree No. 1343/16, it is necessary to continue promoting convergence between the export duties on said product and on biodiesel.
Oil sector
On the other hand, the Executive set out in 10 percent on export duties applied to certain goods in the oil sector.
This is how the Decree 487 / 2018 signed by President Mauricio Macri, Chief of Staff Marcos Peña, Minister of Agroindustry Luis Miguel Etchevehere and Minister of Finance Nicolas Dujovne.
One of the objectives of the measure, the norm states, "is to implement measures aimed at generating greater competitiveness for the different productive sectors of the country, the maintenance and creation of jobs."
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