US EditionChile Submits $2.8Bn Hydrogen Tax Credit Bill
7 Articles
7 Articles
The government stepped on the green hydrogen accelerator, a resource that aims to be strategic in terms of energy transition and has several portfolio investment projects in the country.The Ministry of Finance reported on Tuesday that the “Green Hydrogen Industry (H2V) Promotion Bill” entered the Chamber of Deputies, which, in general terms, creates a transitional tax benefit, consisting of a credit against the First Category Tax (IDPC), for a t…
The Ministry of Finance entered into the Chamber of Deputies the Green Hydrogen Industry Promotion Bill (H2V), an initiative developed jointly with the Ministries of Energy and Economy, Development and Tourism. The proposal seeks to accelerate the development of this strategic industry through tax incentives of up to $2.8 billion, as well as a special framework for producers in the Region of Magellan and Chilean Antarctic. Green Hydrogen, produc…
H2-View News: Chile submits $2.8bn offtaker-focused green hydrogen subsidy plan to Congress
Chile’s Ministry of Finance has submitted a $2.8bn green hydrogen tax credit bill to the country’s lower house. The “Bill to Promote the Green Hydrogen Industry” proposes to allocate tax credits through six competitive auctions between 2025 and 2030 to domestic offtakers purchasing green hydrogen. Separately, it offers special tax incentives to producers located in the Magallanes and Chilean Antarctica region. This is a paid article, to read th…
The initiative includes a tax credit of up to $2.8 billion and a Special Tax Framework for Green Hydrogen Producers in the Magellan Region and Chilean Antarctic, in order to consolidate Chile as a world leader in the production and use of this clean fuel.
The Chilean government presented a bill that introduces tax benefits of up to $2.8 billion for the green hydrogen industry and establishes a special framework for producers in Magellan and Chilean Antarctic. The proposal was sent to the Finance Commission for legislative processing. The Ministry of Finance entered the Chamber of Deputies with the “Proyecto de Fomento a la Industria del Hidrogeno Verde (H2V)”, prepared jointly with the Ministries…
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