Argentina sends new bill package to Congress, including investment and food labeling reforms

Argentina's national government has submitted a new legislative package to Congress, comprising four bills designed to stimulate investment and regulate various sectors. The package, announced by Chief of Staff Manuel Adorni via social media, includes proposals for a "Super RIGI" to expand tax benefits for companies committing to investments, a bill to regulate gambling and prevent addiction, a Lobbying Law to govern interactions with public officials, and changes to front-of-package food labeling requirements.

The "Super RIGI" aims to attract foreign investment by offering more favorable tax conditions than the current regime. Key changes include reducing the profit tax rate from 25% to 15% and implementing a more advantageous accelerated depreciation scheme for eligible projects. This allows companies to recover investments faster, improving initial cash flow.

In parallel, the government intends to repeal the existing front-of-package food labeling law. This regulation mandated black octagons on food products to indicate excessive levels of sugar, sodium, fats, and calories, a measure consistently opposed by the food industry. The proposed changes aim to ease these requirements for businesses.

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In what remains of the day, we will be sending the following bills to Congress: Gambling Law, Super RIGI, Lobby Law, Frontal Labeling.