The Argentine government has decided to reduce the import tax on goods from 17.5% to 7.5%, the agency reports Bloomberg Referring to Argentine Economy Minister Luis Caputo.
We are talking about a “tax for an inclusive and solidaristic Argentina” (PAIS). It was introduced last December after the administration of the country’s current president, Javier Miley, came to power. The reason for the increase was the intention to increase federal revenues and close the fiscal deficit.
The reduction in the tax level is linked to inflation. According to the minister, the Argentine government aims to accelerate its decline with such actions. At the end of July, inflation in the country was at 4%, compared to 26% in December 2023.
Previously, the Argentine Institute of Statistics and Population Census It was published Data show that inflation in the country has reached 90% since the beginning of the year. According to speakers, the biggest increase in prices was seen in restaurants and hotels (+6.5%).
Previously, the Argentine government guess A decline in GDP at the end of the year.
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Source: Gazeta
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