Uruguay Tax Agency Posts Decree on Amendments to General Investment Promotion Regime

The Uruguayan General Directorate of Taxation Jan. 13 posted Decree No. 329/025, on the amendments to the general investment promotion regime. The decree includes measures to: 1) expand eligibility to cooperatives and corporate income tax (IRAE) taxpayers, excluding tobacco and state-run entities; 2) define eligible investments, which include tangible assets, non-residential construction, and specific biological and intangible assets directly linked to a project; 3) set a five-year investment execution window, with extensions for large-scale projects and partial retroactive recognition of prior investments; 4) implement a scoring matrix to rate projects and assign IRAE exemptions, wealth tax relief, VAT refunds, and ...