Bunge Ltd. (BG), Argentina’s second- biggest exporter, was excluded from the Cereals Register by the Argentine government amid a tax probe, the Official Gazette said today, without elaborating.
Being excluded will postpone Bunge’s readmission later, a tax agency official who asked not to be identified because of the agency’s communications policy, said in a telephone interview from Buenos Aires.
Bunge’s local subsidiary was suspended from the register Oct. 1, forcing the company to pay a tax rate of 25 percent to export grain, up from a previous 10 percent. Argentina’s tax agency said then it was investigating Bunge because of unpaid income taxes since 2006.
