Argentina's Congress Gives Medium Sanction to Super RIGI Investment Regime

The Argentine Chamber of Deputies approved the "Super RIGI" – a new Incentive Regime for Large Investments in New Industries – with a medium sanction of 130 votes in favour, 106 against and 7 abstentions. The bill now moves to the Senate for final approval.

Super RIGI targets projects that invest at least US$1 billion in frontier‑technology sectors such as artificial intelligence, data‑centres, lithium‑ion batteries, green hydrogen, electric vehicles, semiconductors, biotechnology, renewable energy, and small‑modular nuclear reactors. Beneficiaries will receive a 30‑year guarantee of fiscal, customs and exchange stability, a 15 % corporate‑tax rate, accelerated depreciation (60 % in the first year), a flat 10 % payroll‑contribution rate, full exemption from import and export duties, and the ability to deduct losses without time limit. Additional measures include double‑counting of R&D spend for the investment threshold, a mandatory minimum of 20 % local‑supplier procurement, and provisions for international arbitration.

The proposal was backed by the governing coalition and allied blocs (La Libertad Avanza, PRO, UCR, MID and several provincial groups) and criticised by opposition parties (Unión por la Patria, Frente de Izquierda, Coalición Cívica, among others) who argue it favours multinational corporations, reduces state revenue and undermines sovereignty. The measure now awaits Senate debate.