The Uruguayan Government has added an article to the Corporate Income Tax regulations, providing that taxpayers that have never been included in the "Small Companies" exemption may, only once, be included in it, under the terms and conditions established by the regulations. Under a new regulatory provision, explained in Decree No. 25/024, Corporate Income Tax taxpayers that have never been included in the "Small Companies" exemption may opt only once to be included in the exemption if at the end of the last fiscal year, as from 1 January 2024, their income does not exceed 305,000 Indexed Units (approximately US$44,790).To make...