Through Decree No. 284/020, Uruguay’s Executive Power regulated certain aspects of the Uruguayan investments law on the tax benefits granted to investment projects. The new regulations include provisions for the corporate income tax (CIT) and net wealth tax (NWT) exemptions, and provisions to prevent the accumulation of tax benefits.
CIT exemption
The decree establishes rules for determining the CIT exemption when a taxpayer has two or more investment projects overlap in the same tax year. Accordi…