1) General incentive for the investor:
It applies to taxpayers of the Income Tax from Economic Activities (IRAE) and the Tax on the Disposal of Agricultural Assets who carry out industrial or agricultural activities. The Investment Law establishes the granting of the following benefits:Exemption from the Net Worth Tax (IP) of movable property intended directly for the production cycle.
Exemption from the Value Added Tax (VAT) and the Specific Internal Tax (IMESI) corresponding to the Importation and refund of VAT included in purchases in the market of movable property intended for the production cycle and equipment for electronic data processing.
Investment Promotion and Protection Law
The Investment Promotion regime is framed in Law 16,906, in which the promotion and protection of investments made by national or foreign investors in the national territory is declared of national interest.