Uruguay has published Decree No. 195/023, which amends the tax deduction benefit for construction and development companies first provided by Decree No. 292/013 so that the tax benefit is permanent. Decree No. 292/013 amended Article 42 of the corporate income tax (IRAE) regulations (Decree No. 150/007) concerning deductions to allow construction and development companies to deduct in full the cost of real estate acquired as part of construction works for new real estate projects, provided that the construction works are registered with the Social Security Bank (Banco de Previsión Social). This tax benefit was initially provided for real estate acquired...