The modifications expand the regime to investment projects of more than 20,000,000 Indexed Units (approx. US$2,250,000) and establish exemptions for certain investment projects.
In Decree No. 316/020, the Uruguayan Executive Power modifies certain aspects of Decree No. 138/020 (see EY Global Tax Alert, Uruguay's Executive Power extends tax incentives for construction activities, dated 19 June 2020) on construction projects considered “great economic dimension projects.”
The modificatio…