Argentina Publishes Decree Amending Incentives Under the Regime for the Development and Production of Modern Biotechnology

Argentina has published Decree 289/2021 of 3 May 2021, which entered into force on 5 May 2021 and amends certain incentives provided under the regime for the development and production of modern biotechnology introduce by Law 26,270 of 4 July 2007. This includes:

• Qualifying beneficiaries have the option to depreciate fixed assets and equipment used in promoted projects according to their normal useful life or in one installment from the tax year they are put into service (previously in thre…