On 4 September 2014, Uruguay published Executive Decree 251/2014 which includes shared service centers as a promoted activity eligible for tax incentives. The decree applies from the date it was published for shared service centers established on or after that date. The benefits for qualifying shared service centers established in Uruguay include: 5-year income tax (IRAE) exemption on 90% of the shared service center's income 5-year net worth tax exemption on assets used by the share service center to perform its services In order to qualify, the following conditions must be met: The shared service centre must be a subsidiary...