Uruguay has published Decree No 96/2019 of 22 April 2019. The Decree includes certain amendments in relation to the exemption incentive provided for software development, which was amended with effect from 1 January 2018 to comply with BEPS Action 5 ({News-2018-07-26/A/7-previous coverage}). The Decree includes provisions: to clarify that in the case of expenses incurred with taxpayers whose income is partially exempted on the basis of the determination of a quotient, the deduction of the expenses is limited to the amount arising from applying to those expenses the percentage corresponding to the non-exempt income, which must be stated in the...