Caputo assured that the reduction in withholdings will not depend on the level of collection and that the fiscal goal will not change

This was announced by the head of the Treasury Palace at a press conference this Friday. President Javier Milei had anticipated the measure in a speech at the Grain Exchange.

Although the president had considered that the reduction of export duties was going to be tied to the progress of tax revenues, Caputo mentioned that to favor the liquidation and avoid speculation, Economía should make public a fixed schedule. For soybeans the decrease will be monthly and for other crops, quarterly..

The fiscal cost is increasing, and in 2026 it will start at 57 million dollars between the taxes that will no longer be received for export duties not collected from agriculture and industry. The manufacturing sector will also have zero withholdings for automotive, petrochemicals, and machinery.

Caputo said that cost will not require a change in the primary surplus target agreed with the IMFand for that reason you will not need to reassign items or accelerate the adjustment in others. “We see that collection is already showing signs of growth,” he said.

The minister also assured that he will seek to convene, at some point this year, a “consensus” with governors to discuss how to lower the tax pressure.