The Government of the Argentine Republic, through the Decree 1069 / 24, has arranged a partial reformulation of Decree 460/23, which established a zero percent (0%) rate for the Extra-Zone Import Duty (DIE) on the import of incomplete motorcycles and similar vehicles, completely disassembled, by companies that manufacture said vehicles in Argentine territory with the integration of local parts, under the conditions specified in said regulations.
The amendment aims to improve the impact of the regime on products benefiting from Decree 460/23. To this end, it has been considered necessary to delimit the factors contemplated in the formula used to measure the "Minimum Local Added Value" and to adjust the percentage of integration required both for the overall activity of the beneficiary company and for each model produced under the benefit. Within this framework, article 3 of Decree 460/23 has been replaced.
In this sense the Minimum Local Added Value that each beneficiary must achieve will be, from this reformulation, five percent (5%) for all activities carried out in the Argentine Republic.
Likewise, each vehicle model that is imported within the framework of the benefits contemplated by this measure must comply with a Minimum Local Added Value of two percent (2%).
Calculation formThe Minimum Local Added Value established above will be calculated according to the following formula:
Determination of national assetsThe rule clarifies that national goods shall be understood as parts, pieces, subassemblies, assemblies and systems of motorcycles and other vehicles covered by this measure, produced in the Argentine Republic - except for the Special Customs Area of the Province of Tierra del Fuego, Antarctica and the South Atlantic Islands - for their integration in the manufacture of these vehicles or for their export, in the forms and conditions established by the Enforcement Authority.
Imports made under the benefits contemplated in this decree, corresponding to incomplete and fully disassembled vehicles of the tariff items listed in article 1 of decree 460/23, will be counted as imported goods.
Validity. The measure established by Decree 1069/24 will come into effect the day after its publication, that is, the December 5th 2024, after its publication on December 4, 2024. It is clarified that the modifications will be applied from the accreditation of annual compliance corresponding to the period 2024, inclusive, which each beneficiary company must present in accordance with the provisions of article 4 of Decree 460/23.
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