Argentine Senate Delays Debate on Super RIGI Investment Incentive, Government Seeks Allied Support
The Argentine Senate has postponed the debate on the Super RIGI (Regime for Incentive to Large Investments) project, a government initiative designed to attract significant investments through substantial fiscal incentives. Secretary of the Treasury, Carlos Guberman, is scheduled to appear before a plenary session of commissions to address concerns raised by allied blocs. The Super RIGI aims to draw investments of over $1 billion into sectors not yet established in Argentina, particularly in technology areas like Artificial Intelligence. This new incentive system proposes reducing income tax from 25% to 15% and eliminating export duties from the first year, a benefit that under the existing RIGI only applies after the third year. The current RIGI program has a two-year validity with a possible one-year extension, while the Super RIGI would be valid for five years, extendable by one. The official party does not expect the bill to receive committee approval this week, meaning it will likely not be included i...