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Uruguay Gazettes Law Introducing Tax Measures for SMEs Due to Coronavirus

April 7, 2021, 5:00 AM

The Uruguayan Official Gazette March 26 published Law No. 19,942, introducing tax measures for small and medium enterprises (SMEs) due to the coronavirus pandemic. The law includes measures: 1) providing an exemption for 50 percent of social security contributions accrued between Jan. 1 and June 30 by SMEs with incomes of up to 10 million indexed units in the previous accounting period; 2) providing an exemption for 50 percent of social security contributions accrued between April 1 and June 30 by SMEs carrying out specified business activities; 3) explaining the Social Security Bank responsibilities under the new regime; and 4)...

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