IMPLEMENTATION LEVEL

National

AFFECTED FLOW

Inflow

ANNOUNCED AS TEMPORARY

No

NON-TRADE-RELATED RATIONALE

Yes

ELIGIBLE FIRMS

all

JUMBO

No

TARIFF PEAK

No
← back to the state act
Inception date: 31 Mar 2016 | Removal date: open ended
Still in force

Tax or social insurance relief

On March 30, 2016, the Argentinian Economy and Public Finance Ministry passed the Decree 531 defining the rules for the "National Regime to Promote the use of Renewable Energies in the Production of Electric Energy" ("Regimen de Fomento Nacional de las Fuentes Renovables de Energía Destinada a la Producción de Energía Eléctrica"). The Decree established the fiscal benefits applicable to all investments related generation, auto generation and cogeneration of electric energy from renewable sources. The two fiscal incentives contemplated in the new law are early reimbursement of the VAT; accelerated Amortisation of Income Tax; compensations for unused tax losses; tax on minimum presumed income; deduction of the financial burden of the financial liability; Exemption on the dividend or profits; Fiscal certificate. 

These fiscal incentives only apply to Argentinian registered companies and nationals. Contracts signed under Resolutions 220 of January 18, 2007, 712 of October 9, 2009, and 108 of March 29, 2011, cannot enjoy this program.

In addition, the law recognises that any delays in the implementation of the project will resume in the loss of the fiscal benefits and the Government will be able to demand any interests rates related to it.

AFFECTED COUNTRIES

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AFFECTED SECTORS AND PRODUCTS

171 Electrical energy
2716 Electrical energy. (optional heading)
271600 Electrical energy. (optional heading)

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