Overview
- The commissions on Budget, Industry and Science issued a majority dictamen on June 17 that gathered 61 of 106 signatures and left the Súper RIGI ready for a plenary vote in the Chamber of Deputies.
- The draft grants deep incentives for qualifying projects, including a 15% corporate income tax rate, cuts to payroll levies, limits on provincial turnover taxes and phased liberalization of foreign‑exchange repatriation (20% first year, 40% second, 100% third).
- Negotiated changes include a conditional requirement that projects source at least 20% of inputs from local suppliers when domestic offers exist, mandatory project vehicle structures, doubled credit for R&D toward the US$1 billion threshold and sustainability studies to protect water and resources.
- Critical reports from Fundar and IERAL warn the package could sharply reduce tax receipts, leave fewer dollars in the local market, increase lobbying pressure and trigger real‑exchange‑rate appreciation that would hurt non‑beneficiary industries and jobs.
- The government aims to vote the bill the week of June 24 alongside fast‑tracked holdout settlements, a schedule that must navigate an opposition interpellation of the chief of cabinet and follows history showing prior RIGI benefits concentrated mainly in hydrocarbons and mining.