The Uruguay government has issued Decree 316/020, which provides amendments to the incentive regime for investments in building construction and urbanization that was introduced in response to COVID-19. The amendments broaden the scope of the regime and provide changes in the available corporate tax exemption provided for qualifying projects. With respect to the scope of the regime, the minimum investment amount for approved projects has been reduced from 60 million indexed units (UI) to 20 million UI. This also applies for pending investments of at least 20 million UI as on 2 December 2020, in which case the investments must...