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To date, the following five provinces — in chronological order — have joined the Incentive Regime for Large Investments under Title VII of National Law 27742 (RIGI): (i) Río Negro; (ii) Jujuy; (iii) Mendoza; (iv) San Juan; and (v) Chubut (excluding mining). The Chamber of Deputies of Salta has approved the province's accession to the RIGI.
The RIGI is a tool designed to attract investments in strategic sectors through a scheme that, in addition to granting tax, customs and exchange incentives, aims to provide long-term stability and predictability. Provinces that join the RIGI will not be able to impose new local taxes on single project vehicles; they will only be able to impose retributive rates for services effectively rendered. For more information, click here.
Click here to read the Spanish version.
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