On 20 October 2014, Uruguay published law 19,289, which limits the use of the tax deduction incentive for income re-investment in certain fixed assets. The incentive benefit allows taxpayers to deduct 20% or 40% of the reinvested amount (depends on asset type) for corporate tax purposes.

Effective 30 October 2014, the law limits the use of the incentive to taxpayer's whose income in the previo…