Chile’s Chamber of Deputies has approved a new initiative, dubbed “Súper RIGI,” designed to attract significant investment in technology and emerging industrial sectors. The legislation expands upon existing fiscal benefits to incentivize companies undertaking large-scale projects. The government believes these expanded tax breaks will encourage a shift in the country’s productive structure, fostering growth in key industries. Details regarding the specific differences between “Súper RIGI” and the original RIGI framework have not been fully elaborated in initial reports, but the core aim is to boost foreign and domestic investment. Supporters argue the measure is crucial for diversifying the Chilean economy and creating high-skilled jobs. Opponents express concerns about potential revenue loss and the fairness of offering substantial tax advantages to select companies. The initiative now moves to the Senate for further consideration.
