Uruguay establishes application date for tax exemptions for leasing social interest housing

The corporate income tax, personal income tax and nonresident income tax exemptions for income derived from leasing social interest housing will apply from 21 April 2020.

Uruguay’s Executive Branch has established (Decree 283/021) the corporate income tax (CIT), personal income tax (PIT) and nonresident income tax (NRIT) exemptions for income derived from leasing social interest housing (i.e., low-income housing) retroactively apply from 21 April 2020.

Background

The Law for the Promotion of Socia…