Rejection of the 30.1% increase in the mandatory tax for COVIAR

Wine establishments throughout the country agreed in their rejection of the 30.1% increase of the mandatory tax to the Argentine Wine Corporation (COVIAR). The budget of the Corporación Vitivinícola Argentina is 140 million pesos a year ($ 2.01 mn). The wineries contribute almost 50% of this total. The 262 partners represent 90% of local exports and about 65% of the domestic market.

Source: Ámbito