The Labor Modernization Bill incorporates, in Title XXIII, the Medium Investment Incentive Regime (RIMI), a new nationwide tax incentive scheme aimed at promoting productive investments by micro, small, and medium-sized enterprises (MSMEs), both domestic and foreign. The measure is part of a policy aimed at boosting economic development, strengthening value chains, improving the competitiveness of different sectors, increasing exports, and promoting job creation.
The regime is implemented through two tax incentives: the application of an accelerated depreciation system for income tax and the early recovery of VAT tax credits associated with investments. Access to these benefits is subject to compliance with minimum investment amounts and the maintenance of the assets in the beneficiary’s patrimony for certain periods, within a framework that provides for specific grounds for exclusion and expiration.
This publication does not constitute legal advice on specific matters. If necessary, specialized legal advice should be sought.
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