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Argentina zero rates foodstuffs

  • Aug 17, 2019 | Richard Asquith

Argentina is to reclassify basic foodstuff to the zero VAT. This includes milk; bread; rice and sugar. The emergency measure is being introduced in the midst of an ongoing economic crisis and peso currency drop against the US dollar.

The reduction is only intended as temporary until the year end.

VP Global Indirect Tax
Richard Asquith
VP Global Indirect Tax Richard Asquith
Richard Asquith is VP Global Indirect Tax at Avalara, helping businesses understand their compliance obligations as they grow globally. He is part of the European leadership team which won International Tax Review's 2020 Tax Technology Firm of the Year. Richard trained as an accountant with KPMG in the UK, and went on to work in Hungary, Russia and France with EY.
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