On December 31, 2024, the Ministry of Economy and Finance issued Ministerial Agreement No. 048, introducing new provisions related to investment contracts for fiscal year 2025. Below are the key highlights:
For fiscal year 2025, a cap of USD 147.8 million has been established for tax incentives applicable to investment contracts and amendments approved by the Strategic Committee for Investment Promotion and Attraction (“CEPAI”) during this period.
To address the ongoing energy crisis and foster the growth of this sector in the country, a cap of USD 60 million has been established for tax incentives tied to investment contracts and amendments in this sector.
The aforementioned tax expenditure caps will take effect upon approval of the General State Budget for 2025. Until then, the 2024 cap of USD 104.9 million will remain in force. Any unused portion of the 2025 tax incentives will not be carried over to the next fiscal year.
The allocated amounts represent the total tax incentives available for all investment contracts and amendments. To implement these incentives, the Ministry of Economy and Finance must issue a favorable opinion for each contract, upon request by CEPAI. Such requests must be submitted no later than November 30 of the current fiscal year.
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This publication contains information of general interest and does not constitute legal opinion on specific issues. Any analysis will require legal advice from the Firm.
