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June 22, 2020 Uruguayan Executive Power issues decree establishing tax incentives to encourage investments Uruguay’s Executive Power issued a decree establishing tax incentives to stimulate investment in Uruguay. The decree establishes the following tax incentives for investment projects:
For tax years closing from 1 April 2020 to 31 March 2021, companies with promoted investment projects may choose between:
_____________________________________________________________________________________________________________ For additional information with respect to this Alert, please contact the following: Ernst & Young Uruguay, Montevideo
Ernst & Young LLP (United States), Latin American Business Center, New York
Ernst & Young Abogados, Latin American Business Center, Madrid
Ernst & Young LLP (United Kingdom), Latin American Business Center, London
Ernst & Young Tax Co., Latin America Tax Desk, Japan & Asia Pacific
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