Argentina Extends Domestic Capital Goods Manufacturing Incentive

Argentina has published Decree 229/2018 of 16 March 2018 in the Official Gazette. The Decree amends and extends to 31 December 2018 the incentive provided under Decree 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 a percentage of the value of the goods produced (with some adjustments) that can be applied against value added tax, income tax,…