Uruguay has published Decree 268/020, which includes amendments to the incentive regime provided under Law 16,906 of 1998 on incentives for investment in promoted sectoral activities. Overall, the incentives under the regime are improved, including that the corporate income exemption granted may not exceed 90% of the tax due in a fiscal year, which is up from the previous limits of 60% for existing companies and 80% for new companies. In any case, the total amount of tax exempted may not exceed 100% of the investment made. Further, the minimum period of exemption benefits is increased from three years to...