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Argentina's Economy Ministry will submit a comprehensive tax reform plan to Congress in 2004.


Argentina's Economy Ministry will submit a comprehensive tax reform plan to Congress in 2004 that will include the elimination of most exemptions from the value-added tax value-added tax (VAT), levy imposed on business at all levels of the manufacture and production of a good or service and based on the increase in price, or value, provided by each level.  and a phased elimination of the export tax beginning in 2005. The Minister of Economy also suggested that tariffs This is a list of tariffs and trade legislation:
  • List of tariffs in Canada
  • List of tariffs in United States
  • List of tariffs in India
  • List of tariffs in China
  • List of tariffs in Russia
 on beverages and luxury items are likely to be increased if tax receipts proved lower than anticipated. The proposed tax reforms are part of a US$12.5 billion loan agreement with the International Monetary Fund.
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Title Annotation:Taxes
Comment:Argentina's Economy Ministry will submit a comprehensive tax reform plan to Congress in 2004.(Taxes)
Publication:Latin Trade
Article Type:Brief Article
Geographic Code:3ARGE
Date:Dec 1, 2003
Words:81
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