Caputo said that the Super RIGI seeks to attract investments to develop novel industries such as copper refining, lithium batteries, electric cars, data centers, fertilizers, solar energy, wind turbines and the industrialization of agriculture, fishing and uranium.
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The national government, under the strategic leadership of President Javier Milei, is preparing to transform the country's productive matrix by sending the Super RIGI bill to Congress. In a resounding press conference, the Minister of Economy, Luis Caputo, explained that this new incentive regime for large investments is the key element in attracting capital that today has no presence in the national territory. “We are talking about an investment that can amount to USD 20 thousand or USD 30 billion,” said Caputo, stressing that this measure will place Argentina“at the top of the list when it comes to deciding for these companies
where to finally invest.”
The central objective of Super RIGI is to deepen the industrialization of natural resources and to capture sectors that are currently non-existent in Argentina. “I'm thinking about the idea of a super RIGI that involves even more tax benefits to achieve greater industrialization of what our resources are,” the minister explained.
Among the strategic industries that the Government seeks to establish are the manufacture of lithium batteries, electric cars, solar panels, wind turbines, the uranium value chain, the production of fertilizers and industrial production derived from fishing and afforestation.
In technical detail, the regime offers devastating competitive conditions compared to the region: Reduction of Income Tax: The rate for member companies will be only 15%, an abysmal
difference compared to the 25% contemplated by the current
RIGI.
Accelerated Amortization:60% of the investment will be deducted in the first year, 20% in the second and the remaining 20% in the third year, drastically optimizing the initial cash flow.
Zero Tariff Burden: The scheme guarantees total exemption from tariffs for the import of inputs and goods necessary for production, eliminating the bureaucratic obstacles and the “gray areas” of current nomenclatures. In addition, a 0% tariff is established on exports, freeing producers from the clutches of withholding
To shield investment from the fiscal voracity of local districts, Super RIGI imposes an insurmountable limit: participating provinces will not be able to collect Gross Revenue above 0.5%.
In addition, the collection of calculated municipal sales taxes, which the minister described as a disguised tax rather than a consideration, is explicitly prohibited
.
Tax attorney Sebastián Domínguez, CEO of SDC Tax Advisors, validated the logic of the project by pointing out that “the profit margins of certain emerging industries — copper refining, lithium batteries, data centers, solar panels, fertilizers, afforestation, the uranium chain, among others — were not attractive enough under this scheme [the original RIGI]. The Super RIGI aims to resolve that gap.”
Javier Milei and Luis Caputo
Finally, Luis Caputo emphasized that the project will be sent to Congress next week, after defining the minimum investment amounts for this weekend. This federal, long-term plan promises to generate “a large amount of employment for all the coming years” and consolidating higher revenues that will eventually allow “to continue with the process of reducing taxes for the entire economy, for all Argentines”. With the Super RIGI, Javier Milei's government not only seeks to transform the current economy, but to leave a legacy of prosperity for the coming decades
