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argentina imposes new mining export tax

Argentina imposes new tax on exports | TMF Group

Argentina imposes new tax on exports 12 March 2019 The Argentine government has enacted a new export tax (Decree No. 793/2018) that went into effect 1 January 2019 and will be applicable until December 2020. The 12% customs duty in this decree states that it will be enacted on services but they will be treated as exported goods as long are the services are rendered in Argentina but used abroad ...

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Yamana Gold says Argentina's new export tax …

12.09.2018· Sept 12 (Reuters) - Canada's Yamana Gold Inc said on Wednesday Argentina's proposal to impose new tax on exports could hurt its cash flow …

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Argentina imposes austerity measures in bid to …

Raising export taxes is against what President Macri stands for," he added. Argentina's currency has lost about half its value this year against the US dollar, despite the central bank raising ...

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Argentina unveils 'emergency' austerity …

Argentine President Mauricio Macri on Monday announced new taxes on exports in the world's third-biggest soy producer and steep cuts to spending in an "emergency" bid to balance next year's budget ...

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EY Tax Insights | argentina imposes new income …

Argentina imposes new income tax collection system on triangular exports - The Argentine Federal Tax Authorities (AFIP) have issued General Resolution 3577/2013 (published in the Official Gazette on 7 January 2014), creating an income tax collection system applicable to Argentine exports …

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Argentina's lower house of congress votes to re …

12.12.2016· You know all that hoopla and "isn't Argentina wonderful?" stuff we got from the rah-rah boys about Argentina under Macri, and you remember ...

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Yamana warns Argentina's looming tax on …

Canada's Yamana Gold (TSX: YRI) (NYSE: AUY) said Wednesday that Argentina's surprise decision to impose a new tax on all exports could hurt its cash flow, even as the miner is mulling ways to ...

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Argentina's export tax upsets Yamana - Mining …

Argentina's president Mauricio Macri last week announced the measure as part of a larger plan to deal with the growing economic turmoil. Argentina is proposing a tax of 12% on all goods exported ...

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Lithium producers face new Argentina export tax

Australian lithium companies operating in Argentina are facing an unexpected 8 per cent tariff on export revenue after the embattled Argentine government said it would impose an export tax to ...

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Argentina tax may boost Australian lithium miners

New austerity measures announced by Argentine President Mauricio Macri will see exports of primary products, including agricultural goods, hit with an export tax of 4 pesos (14.6¢) for each US ...

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Argentina eliminates export duties on several …

Argentina has eliminated export duties on certain mining industry products. The Decree (Decree No. 349/2016) was published in the Official Gazette on 15 February 2016 and is effective as of its date of publication.. The Decree establishes a 0% export duty for the goods listed under several codes of the Mercosur's common nomenclature (NCM) regarding certain mining industry products as follows ...

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Import customs procedures in Argentina - …

Re-exporting goods within Mercosur does not entitle one to an exemption from customs duties; for example, if a good is exported to Argentina to sell in Brazil, the exporter will pay duties in both countries. Customs tariffs applied to goods outside of Mercosur typically range between 5-14%. Companies that import industrial tools for their own use can be exempted from an import tax. The ...

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FMC And Orocobre Hit By Argentine Export …

Argentina just produced a nasty surprise for FMC and Orocobre. A new and large export duty was enacted. The impact might go beyond the straight mathematical impact of the export duty alone.

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Argentina's export tax could destroy the …

SMM, Sept. 6: Argentina has decided to impose a tax on primary lithium exports, which will affect future lithium mining projects. At the same time, the country is stepping up its exploitation of lithium, a mineral resource. The Argentine government said this week that it would impose tariffs on lithium shipped at 3 pesos per dollar by 2020. This is equivalent to a tax of 8 to 10 per cent on ...

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Argentina to tax grain exports, slash ministries …

Argentina unveiled plans on Monday to raise export taxes on grains and slash the number of government ministries in a bid to balance its budget next year, as President Mauricio Macri seeks a …

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Export Taxes on Agricultural Products: Recent History and ...

Soybean Export Taxes in Argentina Web version: September 2007 Authors: William Deese and John Reeder1 Abstract This paper examines the issue of export taxes on primary commodities; almost 40 countries applied export taxes in recent years. The case of Argentina, which is a prominent user of the export tax and a leading exporter of soybean products, is then considered. In 2006, it taxed exports ...

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Argentina Imposes New Tax On Exports - Tax - …

The Argentine government has enacted a new export tax (Decree No. 793/2018) that went into effect 1 January 2019 and will be applicable until December 2020. The 12% customs duty in this decree states that it will be enacted on services but they will be treated as exported goods as long are the services are rendered in Argentina but used abroad.

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Argentina′s Macri imposes new austerity …

News Argentina's Macri imposes new austerity measures. President Mauricio Macri said his country is facing "an emergency" that required massive spendings cuts and agricultural taxes.

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Yamana Gold says Argentina export tax ... - …

Canadian miner Yamana Gold remains on track to deliver the previously flagged "step change" in cash flow, but warned on Wednesday that the new Argentina export tax would set back its plans.

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Argentina's New Export Tax Could Hurt …

Argentina's New Export Tax Could Hurt Yamana's Cashflow. Nicole Rashotte - September 13th, 2018. Yamana Gold says its path to increasing cashflow remains on track, but benefits could be offset ...

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Argentina - Corporate - Other taxes

Each of the 24 jurisdictions into which Argentina is divided imposes a tax on gross revenues from the sale of goods and services. Exports of goods are exempt, and certain industries are subject to a reduced tax rate. Rates, rules, and assessment procedures are determined locally. In average, rates for trade and services range from 3% to 5%. In case of industry, rates are generally lower ...

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Argentina to Impose Temporary Tax on Exports - …

Argentina will impose a temporary tax on exports and cut spending by the federal government as part of a plan to cut its budget deficit and convince markets it can get its finances under control.

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Solved: Assume that Argentina imposes a 20 …

Assume that Argentina imposes a 20 percent tax on natural gas exports. a. Demonstrate the likely effect of that tax on gas exports using supply and demand curves. b. What does it likely do to the price of natural gas in Argentina? Step-by-step solution: 100 %(4 ratings) ...

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Corporate income taxes, mining royalties and other mining ...

Argentina 15 Australia 16 Brazil 17 Canada 19 Chile 21 China 22 Congo, Democratic Republic of 24 ... have enacted new tax laws or have tax proposals being considered that may impact current and future mining investments. Since the fi nancial crisis and global recession in 2008, a number of governments have raised taxes or are considering ways to raise tax revenue from the mining industry ...

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