Congress recently passed Law 24857 to promote forestry. Tax stability is guaranteed for 33 years from the date of the submission of the project feasibility study. This stability implies that national, provincial and municipal taxes will not increase. Specifically excluded are VAT, import duties and social security contributions. In addition to this is Law 13273, which grants certain benefits for real estate. Forests and planted woods can receive up to 50% reduction on real estate levies.

The content of this article is intended to provide a general guide to the subject matter. Specialist advice should be sought about your specific circumstances.

For further information contact Manuel G Diskenstien, Deloitte & Touche, Buenos Aires, Argentina on Tel: +54 1 326 4046, Fax: +54 1 326 7340