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Argentina Establishes New Biofuel Regulatory Framework

|Approved Changes|Argentina
Argentina

Argentina published Law 27,640 in the Official Gazette on 4 August 2021, which approves a new Biofuels Regulatory Framework. The new Biofuels Regulatory Framework covers various aspects of biofuels, including production, storage, commercialization, and mixing with other fuels. With respect to taxation, the law provides that biodiesel and bioethanol are exempt from the Liquid Fuel Tax (ICL) and the Carbon Dioxide Tax (ICO2) at all stages of production, distribution, and commercialization, pro…

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