Argentina Extends Domestic Capital Goods Manufacturing Incentive

Argentina has published Decree No. 593/2017 of 28 July 2017 in the Official Gazette. The Decree amends and extends to 31 December 2017 the incentive provided under Decree No. 379/2001 for the domestic manufacture of certain goods, including capital goods, IT and telecommunications equipment, and agricultural machinery. The incentive is in the form of a tax credit equal to 14% of the value of the goods produced (with some adjustment) that can be applied against value added tax, income tax, ex…