The Executive Branch’s Decree 630/2016 of Argentina was published in the Official Gazette on 2 May 2016. The Decree became effective from that date and extended the provisions as follows:
–Amended article 4, chapter I, title III of Law 23966 provides exemptions to pure biodiesel from tax on liquid fuels regulated by this chapter and also allows tax on biodiesel used as fuel to be offset against tax paid on other taxed components used in the mix to produce the fuel; and
– Amended article 1 of Law 26,028 provides exemptions to biodiesel used to generate electric power from tax on gasoil and any other fuels that may replace it, as regulated by this same article.
These exemptions apply retroactively from 1 January 2016 to 31 December 2016.
