On 29 April 2020, Uruguay enacted a law that suspends the tax credit for holders of property used for agricultural purposes for one year from May 2020. According to the law, the suspension of the credit is intended to help fund the COVID-19 Solidarity Fund.
The tax credit is based on the amount of tax that holders of property used for agricultural purposes have paid to the municipal government for the sale of livestock.
The tax credit suspension will not apply to family producers that are register…