Doing Business In Argentina

3/4/2008
SUBTOTAL US$2,017.98
Total after taxes US$ 12,926
Port Costs (on CIF) * ** 6% US$ 791.92
Customs Broker Fees (on CIF) 1.5% US$ 197.98
* **
Bank Charges (on FOB) * ** *** 2% US$ 242.00
SUBTOTAL US$1,231.90
LANDED COST US$14,158
Notes:
* Average. Actual costs depend on type of merchandise, mode of transportation, and the
value/weight or volume ratio. Please consult a freight forwarder, an insurance company,
a port terminal, or a customs broker for exact costs.
** These amounts include 21 percent VAT (Value Added Tax), charged on these
services.
*** Bank charges assume letter of credit.
Please note that VAT and Profits Tax are deductible from gross income tax.
B- The following example illustrates the import of plastic furniture (HS 9403.70.00) by
a private company, for resale. High import duties are applied to imports of consumer
products.
FOB Base Price US$10,000.00
Freight * 8% US$ 800.00
Insurance * 1% US$ 108.00
CIF = Dutiable Base US$ 10,908
Import Duty (DIE) 19.5% US$ 2,127.06
Statistics Fee 0.5% US$ 54.54
SUBTOTAL US$ 2,181.60
VAT Dutiable Base US$ 13,089
VAT 21% US$ 2,748.81
VAT (additional) 10% US$1,308.90
Profits Tax (advance) 3% US$392.69
SUBTOTAL US$4,450.39
Total after taxes US$ 17,540
Port Costs (on CIF) * ** 6% US$ 791.92
Customs Broker Fees (on CIF) * ** 1.5% US$ 197.98
Bank Charges (on FOB) * ** *** 2% US$ 242.00
SUBTOTAL US$1,231.90
LANDED COST US$ 18,772
Notes:
* Average. Actual costs depend on type of merchandise, mode of transportation, and the
value/weight or volume ratio. Please consult a freight forwarder, an insurance company,
a port terminal, or a customs broker for exact costs.
** These amounts include 21 percent VAT (Value Added Tax), charged on these
services.
*** Bank charges assume letter of credit.