Argentina cuts PAIS Tax from 17.5% to 7.5% to stabilize prices and reduce inflation (Sept 2, 2022).

Argentina has cut import and freight service taxes by 10 percentage points, reducing the PAIS Tax from 17.5% to 7.5% as of September 2, 2022. This measure aims to stabilize prices and is expected to lower inflation while benefiting small to medium enterprises. Economy Minister Luis Caputo emphasized its potential to reduce taxes and improve credit access. However, President Javier Milei announced the tax won't be renewed after December, raising concerns about revenue loss.

September 02, 2024
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