RIMI Now Regulated

Decree 242/2026, which regulates the Incentive Regime for Medium-Sized Investments (RIMI) established under Law 27802, was published in the Official Gazette on April 13, 2026. The Decree defines the eligible beneficiaries, the types of investments covered, and the conditions applicable to the use of the tax benefits granted under the regime.

RIMI is a fiscal incentive regime aimed at micro, small, and medium‑sized enterprises (up to medium-section 2) that undertake productive investments within Argentina, if they meet the minimum investment thresholds applicable to their size category (ranging from USD 150,000 for micro‑enterprises to USD 9,000,000 for medium‑sized enterprises-section 2). Certain agricultural and energy‑efficiency investments are exempt from minimum thresholds. The benefits consist of the option to apply accelerated depreciation for income tax purposes and the refund of Value Added Tax (VAT) input credits beginning in the third fiscal period.

Regarding eligible taxpayers, the RIMI benefits may be obtained by business entities that, at the beginning of the fiscal year in which the first productive investment is made, hold a valid certificate attesting to their status as a micro, small, or medium‑sized enterprise (section 1 or 2) in accordance with applicable regulations. Non‑profit entities are also included, provided that, although unable to obtain such certificate, they are registered before the Argentine Tax Authority (ARCA) under the legal forms determined by the agency and meet the corresponding parameters.

The regime covers productive investments made from the date of entry into force of the law and within a period of two years, counted from the entry into force of the joint resolution that will be issued according to Law 27802.

For purposes of the regime, “depreciable movable property” will mean new assets—except automobiles—classified as capital goods or information technology and telecommunications goods, in accordance with Annex I of Decree 557/23. Productive investments related to agricultural irrigation systems and equipment, anti‑hail netting, and depreciable livestock intended for productive activities within Argentina are also included.

With respect to eligible construction works, the regime includes investments in works carried out during its term, if said works are assigned to the beneficiary’s activity, including movable property that forms an inseparable part of such works and/or complements them, and expenses incurred for installing such assets. Works that, as of the law’s effective date, show a progress level of less than 30% of the total investment amount are also considered eligible.

The regulation further clarifies which investments qualify as “investments in high‑energy‑efficiency goods.” These investments will include those aimed at:

1. acquiring, installing, and/or developing depreciable movable assets that generate, store, and/or transport electrical energy by using renewable energy sources throughout the national territory; or
2. optimizing, recovering, or reducing energy consumption in production units.

Regarding investments in financial assets—which are excluded from the regime—and to delimit the scope of such exclusion, the Decree refers to the definition in article 2, paragraph 4 of the Income Tax Law (shares, representative securities and deposit certificates of shares and other securities, equity interests, including mutual fund units and participation certificates of financial trusts and any other rights over trusts or similar contracts-, digital currencies, securities, bonds, and other financial instruments).

The regulation also provides definitions on how investments made in foreign currency or local currency will be computed for purposes of determining the minimum investment threshold.

In terms of implementation, investments made during the term of the regime may be placed into operation after the expiration of the two‑year period, if they are depreciable for income tax purposes. Access to the tax benefits will apply in the fiscal year in which such placement into operation occurs and, where applicable, upon verifying compliance with the required minimum investment amount.

Regarding the VAT input credit refund benefit, the Decree establishes an annual quota that was not originally included in the Law. This quota must not exceed 50% of the annual quota corresponding to the refund regime under article 24 of the Argentine VAT Law, as established in the Argentine Administration’s General Budget Law in force during the fiscal year in which the refund is requested. Priority will be determined by the age of the accumulated balances according to the fiscal period in which they were generated.

Finally, the regulation provides that ARCA, together with the competent Secretariats of the Ministry of Economy, will issue the complementary rules necessary for its effective implementation within 30 days from the entry into force of this Decree.