Uruguay has published Decree 248/021, which provides (declares) that promoted sectoral activities eligible for incentives under Law 16,906 of 1998 include investment activities carried out by companies holding public concessions for the construction, remodeling, expansion, maintenance, and operation of national and international airports. The main incentive is an exemption from corporate income tax (IRAE) based on a percentage of the investment computed according to the application of an indicator matrix. For this purpose, investments include acquisitions of goods and services made by qualifying companies that are intended to integrate the fixed and intangible assets necessary for the execution of the...