The government plans a new tax reform to comply with the Mercosur-EU agreement

As the free trade agreement between Mercosur and the European Union progresses, Argentina will have to reduce its internal taxes and work on "a new long-term tax reform," Horacio Reyser warned. , secretary for press relations. International Chancery Economy.

"The agreement limits export duties, which means that after the entry into force, we can charge a maximum of 14% for soybean complex products intended for export." 39 European Union, while they are today 28%, "said Reyser.

The official said lower tax caps would be set, as Argentina also needed them to make its productivity more competitive.

In this regard, he said that, for example, when the temporary decree of three and four pesos per dollar on industrial exports ends at the end of 2020, there will be no aliquot, which will "give greater competitiveness to all companies ". "

Reyser, who was Argentina's chief negotiator as a member of Mercosur, said the deal "has a horizon of 10 to 15 years", so that's when the country should structurally modify certain questions.

"Much earlier, we will reduce taxes and export duties, we must work on provincial taxes that can create distortions," said the official at the newspaper La Voz del Interior.

And he pointed out that Finance Minister Nicolas Dujovne and the Minister of Production and Labor, Dante Sica, "are going to work on a long-term tax reform, which is already being applied in a certain way to reduce Income Tax In this sense, we will go from the front. "

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