Tax benefits for investments in the Province of Buenos Aires

Law No 14,005 establishes that a fiscal credit of one percent (1%) of the total amount of the investment shall be granted to taxpayers who make certain types of investments in the Province of Buenos Aires. The tax benefited investments are:

(i) the construction of new real estate properties;

(ii) completion of building work currently under construction;

(iii) infrastructure financing; and

(iv) real estate, agricultural, livestock, industrial, tourism and service investments.

The fiscal credit shall be formalized by means of certificates which may be used by the beneficiaries or their endorsees to pay provincial taxes. The certificates are valid for two years as from the date when the investment is made.

In order to obtain the benefit, taxpayers shall hold title to investment for at least two years, and apply for this benefit within one year as of the date when the regime becomes effective.

The Provincial Ministry of Economy shall regulate this Law.