Uruguay Introduces Tax Exemptions for Micro and Small Enterprises Located in Border Areas

Uruguay has published Law 19.993 in the Official Gazette, which provides for the introduction of tax exemptions for micro and small enterprises located in border areas. The exemptions include:

• A 100% exemption from employer's retirement contributions for companies that meet the following conditions:
  • the company's main activity is retail trade in supermarkets and warehouses;
  • the company's tax address (fiscal domicile) is located within a border department with a land border crossing and with…