Argentina to partially eliminate tax on goods purchased abroad

BUENOS AIRES (Reuters) – Argentina will partially eliminate taxes levied on goods purchased abroad, a senior official announced on Friday, part of a broader economic opening championed by libertarian President Javier Milei.

The measure is set to go into effect in December and aims to give consumers access to cheaper products, according to presidential spokesperson Manuel Adorni.

The plan will boost the limit on foreign purchases exempt from tax, to $3,000 from $1,000 per package delivered, according to Economy Minister Luis Caputo.

It also includes a tariff exemption of up to $400 on imported goods for personal use with buyers only subject to the country’s value-added tax, he added in a post on X.