Chamber of Exporters: Government Owes At Least $600 Million to Exporters Due to Tax Delays

Original source: AHORA PLAY
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Delays in tax refunds to exporters are not merely an accounting issue; they reflect pressures on public finances and their direct impact on companies' ability to invest, grow, and create jobs in a country desperately in need of foreign currency.

Chamber of Exporters: Government Owes At Least $600 Million to Exporters Due to Tax Delays

Fernando Landa, president of the Chamber of Exporters (CERA), revealed that the Argentine government has accumulated a debt of at least $600 million to exporters due to delays in the refund of indirect taxes such as VAT and value-added reimbursements. Landa specified that large companies experience delays of up to eight months, while SMEs wait between four and five months, a situation that contradicts the official goal of boosting exports.

This withholding of funds, which would amount to approximately $100 million per month, generates additional financial costs for companies and penalizes exporters with higher value-added, especially in an international context of increasing trade barriers. The CERA president indicated that although the payment flow was regularized in March, the amount owed from previous months has not been recovered, such as February, when payments were nonexistent, thus deepening the imbalance and lack of liquidity in the sector.

"If the average delay were 6 months, we would be talking about $600 million. And this is a significant amount owed, an amount that, when compared to the fiscal surplus, is significant."

▶ Watch this segment — 1:03:54

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