Lifecycle
- Effective
- Last change
Country / jurisdiction: Argentina · Year: 2018 · Status: In force · Level: National · Type: Voluntary
The government of Argentina implemented a carbon tax (impuesto al dióxido de carbono) on January 1, 2018 for most liquid fuels, replacing previous fuel taxes. The carbon tax is also levied on some solid products (mineral coal and petroleum coke). Although the Law that created the tax (Law 27.430) entered into force in January 2018, the carbon tax is applicable since March 2018 for most of the leviable products. For fuel oil, mineral coal, and petroleum coke, the tax rate has been applicable gradually. It became operational in January of 2019, at 10% of the full tax rate, and set to increase annually by 10% to reach 100% in 2028. 100% of this revenue is distributed according to the Federal Revenue Distribution System for fuel oil, mineral coal and petroleum coke. For the rest of the products, the revenue is designated to multiple beneficiaries, including the social security system, the Transport Infrastructure Trust, the National Housing Fund (FONAVI), the provinces, among others.
Source: World Bank Carbon Pricing Dashboard
Official source: https://trivia.consejo.org.ar/ficha/505722-ley_23996._impuestos_sobre_los_combustibles_liquidos_y_al_dioxido_de_carbono
Source
https://www.iea.org/policies/19277Canonical document at the regulator. Always cite this URL — not the Vantage detail page — in compliance evidence.