Uruguay issued the Budget Bill for 2015 to 2019 on 31 August 2015. The main proposed tax measures of the bill include: Expanding the scope of Uruguay-sourced income to include advertising services provided by non-residents to Uruguayan resident companies subject to tax; Aligning the expense deduction rules for corporate tax purposes with the rules for deducting input value added tax; Limiting the use of both increased tax deduction incentives and tax exemption incentives that are based on an increase in the number of employees; and Introducing a net worth tax exemption for assets of companies engaged exclusively in micro finance....