Uruguay Amends Incentive Regime for Shared Service Centers

Uruguay has published Decree No. 330/2016, which amends the incentive regime for shared service centers (SSC). The changes include:

• The scope of activities eligible for the SSC incentive is expanded to include management and administration services, logistics and storage, financial administration, and research and development support activities;
• The corporate tax exemption provided for qualifying SSC income is reduced from 90% to 70% for five years;
• The new employment generation condition f…