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Argentina Advances 'Súper RIGI' Ahead of Special Congressional Vote

Offering 30-year tax, trade, currency guarantees to lure US$1 billion projects, the plan draws criticism for fiscal costs, political risk, expanded executive discretion.

Overview

  • The Chamber of Deputies was convened for a special session on Wednesday to vote on the Súper RIGI and on authorization to pay two 2001 holdout creditors in settlement deals.
  • The draft grants large incentives including a 15% corporate tax rate, accelerated amortization, zero export duties, progressive access to foreign currency and 30 years of fiscal and regulatory stability for projects over US$1 billion.
  • Supporters say the regime targets frontier sectors such as AI, semiconductors, bioeconomy, batteries and low‑emission hydrogen to attract long‑term capital and build new export chains.
  • Economists and industry voices warn the law deepens sectoral exceptions, increases executive discretion, risks large fiscal costs and may fail to change investor wariness after recent political scandals like the Adorni case.
  • If approved, the measure would extend an earlier RIGI model while requiring provinces to opt in; observers say the key next effects to watch are investor decisions on project timing, possible pressure on public finances, and how future governments treat the regime.