Argentina to gradually reduce soy, corn taxes in coming years
In Argentina, Reuters reported that Argentine Economy Minister Luis Caputo said that the country will steadily reduce its export taxes on its biggest agricultural exports throughout the next two years.
Taxes on soybean exports, currently at 24%, will be cut on a monthly basis throughout 2027, reaching 21% at the end of next year and 15% by the end of 2028, Caputo told a press conference. Taxes on soybean oil and meal will be reduced “proportionally,” he added.
Each month of 2027 will see a 0.25 percentage point cut to the soybean export tax, speeding up to 0.5 percentage points in 2028, he added.
Export taxes on corn, now at 8.5%, will meanwhile be reduced quarterly by 0.25 percentage points through 2027, and 0.5 percentage points every three months of 2028, Caputo said. They will reach 7.5% at the end of next year and 5.5% by the end of 2028.
Category: Food & Agriculture
