Sign up for tax alert emails    GTNU homepage    Tax newsroom    Email document    Print document    Download document

March 21, 2019

Argentina issues procedure for renewable energy companies to request accelerated tax depreciation benefit

On 15 March 2019, Argentina’s tax authorities issued General Resolution No. 4,437, which establishes the requirements for renewable energy companies benefiting from the renewable energy promotional regime to request the application of the accelerated tax depreciation benefit.


Law No. 26,190, as amended by law No. 27,191, established the renewable energy promotional regime, which incentivizes the use of renewable energy sources to produce electricity by granting certain tax benefits, including the accelerated tax depreciation of fixed assets.

General Resolution No. 4,437

The Resolution establishes the procedure for renewable energy companies to request the accelerated tax depreciation benefit.

Companies with an “Inclusion Certificate” for the renewable energy promotional regime, and those with projects related to supply contracts of the wholesale electricity market may request the accelerated tax depreciation benefit through the tax authorities’ website under “Ley 26,190 — Régimen de Fomento Nacional para el uso de fuentes renovables de energía.” Companies must provide evidence of their expenditures for investments and capital assets eligible for the benefits, including their useful life and amortization rate.

Companies that have already requested the value-added tax refund benefit based on those expenditures must link the documentation (e.g., invoices) already reported on such assets through the above-mentioned website.

To retain the benefits under the regime, companies must maintain the qualified assets for at least three years.

For additional information with respect to this Alert, please contact the following:

Pistrelli, Henry Martin & Asociados S.R.L., Buenos Aires
  • Carlos Casanovas |
  • Gustavo Scravaglieri |
  • Ariel Becher |
  • Darío Corrente |
Ernst & Young, LLP (United States), Latin American Business Center, New York
  • Pablo Wejcman |
  • Juan Ignacio Pernin |
  • Ana Mingramm |
  • Enrique Perez Grovas |
Ernst & Young LLP (United Kingdom), Latin American Business Center, London
  • Pablo Baroffio |
  • Jose Padilla |
Ernst & Young Tax Co., Latin American Business Center, Japan & Asia Pacific
  • Raul Moreno, Tokyo |
  • Luis Coronado, Singapore |



The information contained herein is general in nature and is not intended, and should not be construed, as legal, accounting or tax advice or opinion provided by Ernst & Young LLP to the reader. The reader also is cautioned that this material may not be applicable to, or suitable for, the reader's specific circumstances or needs, and may require consideration of non-tax and other tax factors if any action is to be contemplated. The reader should contact his or her Ernst & Young LLP or other tax professional prior to taking any action based upon this information. Ernst & Young LLP assumes no obligation to inform the reader of any changes in tax laws or other factors that could affect the information contained herein.


Copyright © 2023, Ernst & Young LLP.


All rights reserved. No part of this document may be reproduced, retransmitted or otherwise redistributed in any form or by any means, electronic or mechanical, including by photocopying, facsimile transmission, recording, rekeying, or using any information storage and retrieval system, without written permission from Ernst & Young LLP.


Any U.S. tax advice contained herein was not intended or written to be used, and cannot be used, by the recipient for the purpose of avoiding penalties that may be imposed under the Internal Revenue Code or applicable state or local tax law provisions.


"EY" refers to the global organisation, and may refer to one or more, of the member firms of Ernst & Young Global Limited, each of which is a separate legal entity. Ernst & Young Global Limited, a UK company limited by guarantee, does not provide services to clients.


Privacy  |  Cookies  |  BCR  |  Legal  |  Global Code of Conduct