esterday, the Large Investments’ Incentive Regime (RIGI) was signed into law in Argentina. This legislation marks a significant milestone for President Javier Milei's administration in promoting and facilitating future investments in the country from the lithium and other key export industries. Key highlights of the reform include: Applies to lithium and other sectors (e.g. mining, energy, infrastructure) for investments over $200M (projects over $1B receive additional benefits) At least 40% of investment must be made in first two years At least 20% of investment required from local suppliers Applications open for new projects and expansions for two years (with potential 1 year extension) 25% corporate tax rate (35% currently) Accelerated depreciation for equipment of two years (was three years), infrastructure and cost of mine 60% of useful life Amend VAT to replace paying for purchases with providing suppliers tax credit certificates (avoids tying up funds in VAT) 100% of export proceeds available to remain in US dollars in year four onwards (20% in year two, 40% in year three) Investments over $1B receive FX benefits one year earlier Full access to foreign exchange market to repay loans, pay interest and dividends Provinces could charge up to 5% in mining royalties (from 3%) on new projects, pending further changes in provincial law