GECEX Resolution No. 977/2026: Extension of the 12% Export Tax Rate on Oil Through the End of 2026

On November 6, 2026, Resolution No. 977/2026 (the “Resolution”) was published in the Federal Official Gazette, issued by the Executive Management Committee of the Foreign Trade Chamber (“GECEX/Camex”). The Resolution extends until December 31, 2026 the 12% export tax rate on crude petroleum oils or bituminous mineral oils, classified under heading 2709 of the Mercosur Common Nomenclature ("NCM"), previously established by GECEX Resolution No. 938/2026 and maintained by GECEX Resolution No. 957/2026.

GECEX Resolution No. 977/2026 took effect on November 7, 2026.

For further information about this Legal Update, please contact our Tax team.