Argentina advances Super RIGI tax regime for major tech projects

The governing coalition in Argentina secured a majority parliamentary vote to approve the draft law establishing the Super Regime of Incentives for Large Investments (Super RIGI). The measure grants extensive fiscal, customs and exchange benefits to projects in strategic high‑technology sectors such as artificial intelligence, semiconductors, data centres, small modular nuclear reactors, green hydrogen, electric vehicles, battery production and critical minerals processing. Companies must commit to a minimum US$1 billion investment to qualify, far above the US$200 million threshold of the earlier RIGI scheme. Approved benefits include a 15 % corporate‑tax rate, accelerated depreciation, VAT relief, reduced payroll contributions, elimination of export‑import duties and progressive access to foreign‑exchange earnings, reaching full access from the third year onward. The regime is limited to new technological projects and excludes infrastructure or existing natural‑resource ventures. Supporters argue the law will attract large‑scale foreign capital and foster domestic supply chains, while opposition lawmakers warn it could deepen sectoral inequalities and question the fiscal cost of generous exemptions. A parliamentary debate is scheduled for next week in the Chamber of Deputies.