President Mauricio Macri will sign a decree in the next days that reduces from 35% to 0% the tax for eco-friendly cars (such as electrical, hybrid and hydrogen cars), that are imported from countries outside MERCOSUR.
However, this benefit will not be for all brands, as it will be reserved only for car terminals located in Argentina, such as Agrale, FCA (Fiat and Chrysler), Ford, General Motors (Chevrolet), Honda, Iveco, Mercedes-Benz, Nissan, PSA (Peugeot, Citroën and DS) , Ralitor (JMC, DFM, Foton, Baic and Kandi), Renault, Scania, Toyota (including Lexus), Volkswagen (including Audi and Seat) and Zanella.
All the other car companies represented in Argentina through importers are excluded from the benefit.
The announcement is expected to be in June, during the opening of the car event “BA Salon 2017”, which will be held at La Rural (Buenos Aires).
Date: 4 May, 2017