Uruguayan Government proposes exemptions to aid the agricultural sector given its state of emergency

15 March 2023|Tax Alerts, Legislation & Policy, National/Federal Taxation|Uruguay

The Uruguay Executive Branch summited a bill to Parliament to relieve certain tax obligations of the agricultural sector for the first half of 2023.

On 8 March 2023, the Uruguayan Executive Power proposed a bill to temporarily exempt the agricultural sector from making advanced payments of Corporate Income Tax and Net Wealth tax for the period 1 January 2023 to 30 June 2023.

In most cases in the agricultural sector, when assets directly dedicated to agricultural exploitation exceed 30 million ind…

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