In a bold move aimed at increasing economic openness and reducing consumer costs, Argentina has announced plans to significantly ease taxes on goods purchased from abroad. The changes, spearheaded by libertarian President Javier Milei, are set to take effect in December and mark a shift toward liberalising the country’s trade policies.
Under the new framework, the tax-exempt limit for international purchases will increase from $1,000 to $3,000 per package, granting consumers greater access to cost-effective foreign products. Additionally, a tariff exemption of up to $400 will be applied to imported items designated for personal use, requiring buyers to pay only the value-added tax (VAT).
Economy Minister Luis Caputo detailed the reforms, highlighting their potential to enhance affordability and streamline import processes. Presidential spokesperson Manuel Adorni emphasised that the measures reflect the administration’s commitment to fostering a freer market and providing tangible benefits to Argentine consumers.
This policy aligns with President Milei’s broader economic agenda, which focuses on reducing trade barriers and stimulating the economy through increased consumer choice. The administration hopes the reforms will support domestic purchasing power by offering access to a wider range of competitively priced goods.
As December approaches, businesses and consumers alike are gearing up to navigate this new, more liberalised economic landscape, anticipating its potential to reshape Argentina’s trade and consumption patterns.
