Diego Valenzuela will launch a local RIGI for the municipality of Tres de Febrero

The municipality of Tres de Febrero presented a proposal to establish a local regime of incentives for large investments (RIGI), with the aim of promoting large-scale projects and encouraging job creation, in the context of developing an industrial park and a logistics park in the district.

The announcement was made by La Libertad Avanza mayor, Diego Valenzuela, during his participation in the streaming program Economía de Quincho.

Following the model of the RIGI promoted by the Government of Javier Milei at the national level, the initiative seeks to be approved this Friday through an ordinance in the City Council, with the purpose of offering greater legal certainty to investors. “If the government changes, there is a very strong element for judicialization,” Valenzuela stated.

Valenzuela's local RIGI

The scheme provides that those companies investing more than USD 20 million and generating at least 100 jobs will be exempt from paying municipal fees during the first year. In the following 14 years, they will enjoy a 50% reduction in these charges.

Additionally, an intermediate benefit is planned for those who invest more than USD 10 million, who will receive a reduction in municipal fees for a period of 9 years.

In Tres de Febrero, companies pay the Safety and Hygiene Inspection Fee (TISH), the amount of which is determined based on the billing that each taxpayer declares.

Currently, Valenzuela explained, the municipal fee in Tres de Febrero stands at 0.6%, with a cap of 0.8%. If the municipality adheres to the RIGI, the highest-billing companies will pay only 0.4%.

For years, the municipality has had a system of tax credits that allows investments to be deducted from the payment of fees. For example, if an SME hires a new employee, it can deduct 50% of the minimum wage from its taxes. Now, the focus is on attracting larger-scale investments.

Furthermore, a new ordinance is being promoted that would establish a self-regulation rule: no new fees may be created nor existing ones increased, only reduced. This would provide companies with predictability for 30 years.

In another section, Valenzuela strongly criticized the “fiscal degenerates” who promote increases and gave as an example the case of the company Ternium, which in the municipality of Ramallo pays a fee for each of its 6,000 employees, without considering billing as a tax base. “If it had been in Tres de Febrero between 2024 and so far in 2025, it would have saved 7 billion pesos,” he said.

He also cited the case of the SME Alambres Industriales Trefilados, which opened a warehouse in his jurisdiction. He compared the amount paid in terms of the Safety and Hygiene Fee with what is paid in other municipalities.

“If we look at the annual savings in the Safety and Hygiene Inspection Fee compared to other municipalities, it is very significant. Compared to Morón, the annual savings is $14.5 million; San Martín, $7.7 million; Hurlingham, $10.7 million; and La Matanza, $12.8 million,” he specified.

Valenzuela remains firm in his fiscal competition strategy. “More fees mean higher prices, which means more inflation,” he stated in the context of the debate over increases in different districts of Buenos Aires province.

“Mayors must choose which side we want to be on: on the side of the people, who need predictability to make decisions, invest, and work, which means less inflation, or on the side of politics, which always seeks more public spending and always finds a justification to create a new fee or increase taxes,” he added.

These policies have already led some companies to close facilities and relocate. For example, Banco Nación decided to move its branch from Ramos Mejía, in La Matanza, to Ciudadela, within Tres de Febrero.

The banking entity is already considering closing offices in some of the 50 municipalities with higher tax burdens, where legal actions have already been initiated and precautionary measures have been filed due to the level of fees.