Argentina: Law to promote hydrogen as a fuel
The Argentine National Congress approved a law to promote the development and use of hydrogen as a fuel. Under the new law, the development of technology, production, use and applications of hydrogen as fuel have been declared of general interest and research and development of this field shall be fostered by the government. The law gives considerable tax benefits for fifteen (15) years to promote the production, use and applications of hydrogen, such as: a) early refund of value added tax when buying, manufacturing, elaborating or importing capital goods; b) accelerated amortization for income tax purposes; c) exemption from minimum presumptive income tax; d) exemption from liquid and natural gas special tax
Date Implemented: 2006
Status: In Force; Voluntary
References: http://www.mna.com.ar/publicaciones/02_energia/MNAEnergy&MiningBulletinS...