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:
- Investments made from 1 April 2020 to 31 March 2021 may be considered at 150% of their value when calculating the corporate income tax (CIT) exemption that applies to income from promoted investment projects.
- The CIT exemption for income from investment projects submitted from 1 April 2020 to 31 March 2021 will i…