Announcement
10 Aug 2017
The Argentine Government approved the reduction of import taxes on used oilfield equipment to promote investments in Vaca Muerta's oilfield. However, in cases where the local industry produces similar equipment, the importer will have to purchase locally produced goods worth a concrete percentage of the value of the imported equipment.
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Number of interventions
3
2 certainly harmful
0 likely harmful
1 liberalising
List of interventions
Implementation date
11 Aug 2017
Revocation date:
30 Jun 2019
Announced: 10 Aug 2017
Tax or social insurance relief
On August 10, 2017, Argentina issued the Presidential Decree 629/2017 establishing an import tax rebate to Vaca Muerta's oilfield project, subsidising the production of oil and gas in that region.
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Announced: 10 Aug 2017
Local content requirement
On August 10, 2017, Argentina issued the Presidential Decree 629/2017 reducing import duties on used oilfield equipment. The new legislation states that in the cases where the imported equipment could...
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Implementation date
11 Aug 2017
Revocation date:
30 Jun 2019
Announced: 10 Aug 2017
Import tariff
On August 10, 2017, Argentina issued the Presidential Decree 629/2017 reducing import duties on used oilfield equipment. The new tariffs have been set at 0% for the most critical equipment and 7% for ...
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