  Holographic renormalization is a systematic procedure for regulating
divergences in observables in asymptotically locally AdS spacetimes. For dual
boundary field theories which are supersymmetric it is natural to ask whether
this defines a supersymmetric renormalization scheme. Recent results in
localization have brought this question into sharp focus: rigid supersymmetry
on a curved boundary requires specific geometric structures, and general
arguments imply that BPS observables, such as the partition function, are
invariant under certain deformations of these structures. One can then ask if
the dual holographic observables are similarly invariant. We study this
question in minimal N = 2 gauged supergravity in four and five dimensions. In
four dimensions we show that holographic renormalization precisely reproduces
the expected field theory results. In five dimensions we find that no choice of
standard holographic counterterms is compatible with supersymmetry, which leads
us to introduce novel finite boundary terms. For a class of solutions
satisfying certain topological assumptions we provide some independent tests of
these new boundary terms, in particular showing that they reproduce the
expected VEVs of conserved charges.
