INTIEAArgentina · Law of Solidarity and Extraordinary Contribution to help mitigate the effects of the Pandemic - Natural gas exploration subsidiesPolicyIn force

Law of Solidarity and Extraordinary Contribution to help mitigate the effects of the Pandemic - Natural gas exploration subsidies

A tax placed on the wealthiest tax bracket was approved by the parliament in Argentina to mitigate the economic effects of the Covid-19 pandemic.   In the text, 25% of the revenues of the tax will be dedicated to natural gas exploration, development and production programs.…

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Country / jurisdiction: Argentina · Year: 2020 · Status: In force · Level: National · Type: Voluntary

A tax placed on the wealthiest tax bracket was approved by the parliament in Argentina to mitigate the economic effects of the Covid-19 pandemic.

In the text, 25% of the revenues of the tax will be dedicated to natural gas exploration, development and production programs. These funds will be managed by the state-owned companies Integración Energética Argentina S.A (IEASA) and Yacimientos Petrolíferos Fiscales (YPF) for a term of no less than 10 years.

Official source: http://www.saij.gob.ar/proyecto-ley-aporte-solidario-extraordinario-para-ayudar-morigerar-efectos-pandemia-proyecto-ley-aporte-solidario-extraordinario-para-ayudar-morigerar-efectos-pandemia-nv25692-2020-08-31/123456789-0abc-296-52ti-lpssedadevon?

Source

https://www.iea.org/policies/13268

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