Uruguay Extends VAT Rate Reduction for Tourism Sector to April 2025
Uruguay has published Decree No. 256/024 on 23 September 2024, which extends the temporary reduction in the VAT rate by 9 percentage points on certain activities/operations in the tourism sector (i.e., a reduced VAT rate of 13% considering the 22% standard rate). The reduction was originally provided from 16 November 2020 in response to COVID-19 and subsequently extended multiple times. Previo…
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