Argentina to restrict imports; measures would reach slots
Thursday 25 de August 2022 / 09:29
2 minutos de lectura
(Buenos Aires).- Argentinian government will launch three measures that would restrict imports in order to save the meager reserves held by the central bank, an official source told Reuters.
The measures are arranged after it was released on Monday that the July trade balance of the third largest economy in Latin America registered a deficit for the second consecutive month. Exports in the first seven months increased 22.4% compared to the same period in 2021, while imports jumped 44.6%.
"A more oiled triangulation is required between the AFIP (tax collection entity), Customs and Commerce, with measures aimed at ordering imports, taking care of the BCRA (central bank) dollars, and avoiding abuses," said a source who asked not to be identified.
In the first place, the term is reduced for those who import inputs without paying taxes in order to later export a good. This period is reduced from 360 days to 120 with the aim of accelerating exports.
This is the case of soybeans, which have been imported so far for 1,633 million dollars and then exported as oil. On the other hand, companies that import services such as software or consultancies must enter into an advance declaration scheme. In the first semester, Argentina imported services for some 5,000 million dollars.
The Government will also incorporate 34 goods, such as slot machines, yachts, luxury planes and cryptocurrency mining machines, into the non-automatic licensing scheme, which requires prior authorization.
The exchange rate gap of 115% between the official exchange rate, used in foreign trade, and the exchange rates in alternative markets, encourages importers to increase their purchases from abroad, while exporters delay their settlements waiting for further weight loss.
Categoría:Casino
Tags: Sin tags
País: Argentina
Event
iGaming Club Conference Cancun
24 de November 2025
Levon Nikoghosyan Confirms iGaming Cancun’s Success and Future LATAM Expansion
(Cancun, SoloAzar Exclusive).- The vibrant energy of iGaming Cancun has set the tone for a new chapter in the Latin American iGaming industry. Levon Nikoghosyan, CEO and Co-Founder of AffPapa and iGaming Club, shared his enthusiasm for the event’s debut in Mexico, highlighting its impact on the regional market and the company’s ambitious plans for the future.
Thursday 04 Dec 2025 / 12:00
iGaming Club Cancún 2025 Concludes Successfully with Strong Connections in Its First LatAm Edition
(Cancun, SoloAzar Exclusive).- iGaming Club Cancún 2025 came to a close last night with a comprehensive experience of conferences, networking, and the AffPapa iGaming Awards LATAM gala, consolidating itself as a unique space for operators, affiliates, and providers in the region.
Thursday 27 Nov 2025 / 12:00
iGaming Club Cancún 2025: Affiliates, Operators, and Innovation Take Center Stage on Final Day
(Cancun, SoloAzar Exclusive).- The second and final day of iGaming Club Cancún 2025 unfolds today, bringing together operators, affiliates, and select B2B providers in a unique networking and conference environment that highlights the evolving dynamics of the Latin American iGaming market.
Wednesday 26 Nov 2025 / 12:00
SUSCRIBIRSE
Para suscribirse a nuestro newsletter, complete sus datos
Reciba todo el contenido más reciente en su correo electrónico varias veces al mes.