Daily Tax Report: International

Uruguay MOF Issues Decree Providing VAT Relief for Tourism Sector, Small Businesses Due to Coronavirus

Nov. 25, 2020, 5:00 AM

The Uruguayan Ministry of Economy and Finance Nov. 13 issued Decree No. 304, introducing temporary VAT relief measures to support the tourism sector due to the coronavirus pandemic. The decree includes measures: 1) providing a 9 percent reduction in the VAT rate from Nov. 16, 2020, until April 4, 2021, for vehicle rentals without a driver, real estate leases for tourism, and gastronomic services furnished by the hotel and restaurant sectors; and 2) providing a VAT discount of 7.38 percent on total transaction amounts for taxpayers under the small business regime. The decree enters into force Nov. 16. [Uruguay, Ministry...

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