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Uruguay Amends Incentive Regime for Shared Service Centers

14 November 2016

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Approved Changes

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Uruguay

Uruguay has published Decree No. 330/2016, which amends the incentive regime for shared service centers (SSC). The changes include: The scope of activities eligible for the SSC incentive is expanded to include management and administration services, logistics and storage, financial administration, and research and development support activities; The corporate tax exemption provided for qualifying SSC income is reduced from 90% to 70% for five years; The new employment generation condition for the incentive is changed from 150 new jobs to 100 new jobs, and the condition for the investment in staff training is changed from 10 million indexed units to...