Uruguayan Executive Power increases tax benefits granted to investment projects

The decree increases the tax benefits for investment projects by expanding access to the investment project regime and increasing the corporate income tax exemption.

In Decree No. 268/020, the Uruguayan Executive Power modified the methodology for evaluating investment projects to increase the applicable tax benefits.

The modifications include:

1. Allowing the tobacco industry to access the investment project regime

2. Allowing investments in movable assets to qualify for the regime, if the assets (by un…