Argentina's "Financial News" reported on July 17 that the Argentine Federal Public Revenue Administration issued resolution 5527/2024 in the "Official Announcement" on the 17th, deciding to suspend the collection of value-added tax and income tax incentives for enterprises with "Argentina's small and medium-sized enterprise certificate" when importing specific products to extend to December 31 this year.

Products that benefit include meat, dairy products, vegetables, fruits, grains, fats and oils, pasta, sauces, baked goods, canned goods, beer, non-alcoholic beverages, cotton swabs, deodorant, razors, soap, disposable diapers, toilet paper, toothpaste, cleaning products, and medications.

The relevant measures are aimed at reducing the tax burden on the import of daily necessities for the general public, ensuring the continuity of the national economic policy, and assisting the government in the process of taming inflation.