Uruguay’s Ministry of Economy and Finance submitted a bill to the General Assembly that would reduce the rural real estate contribution rate from 1.25% to 1.025% for 2020.
The reduction would apply to taxpayers that do not own more than 1,000 hectares of rural real estate and use that property for agricultural purposes.
The benefit would apply to the following departments (i.e., in Uruguay, departments are the equivalent of states): Colonia, San José, Florida, Canelones, Maldonado, Lavalleja,…