Overview
- Draft tax changes would lower corporate income tax brackets to 27% and 31.5% starting in 2026.
- Residential rental income and gains from property sales would be exempt from Income Tax from January 1, 2026, alongside broad scrapping of internal taxes on items such as electronics, autos, boats, aircraft, phone services and insurance.
- Returns from domestic financial assets would be exempt from Income Tax except for digital currencies, and companies could index carried‑forward tax losses by inflation for fiscal years beginning in 2025.
- The plan creates a Régimen de Incentivo para Medianas Inversiones (RIMI) with minimum thresholds from US$150,000 to US$30 million and benefits like accelerated depreciation and early VAT refunds.
- A separate bill would ban deficit budgets, enable automatic mid‑year adjustments, and criminalize unfinanced spending with 1–6 years in prison and irregular central‑bank issuance with up to 10 years, drawing concerns over revenue loss and judicialization after revenues fell 8.7% year over year in November.