In Decree No.195/023 (issued 27 June 2023), Uruguay makes permanent a corporate income tax benefit for promoters and construction companies that was set to expire after 28 February 2024.Previously, promoters and construction companies could deduct, for corporate income tax purposes, 100% of the cost of real estate acquired from 1 July 2007 through 28 February 2024.The decree eliminates the date restrictions, allowing these costs to be fully deducted at any time, as long as a promoter or construction company built the newly acquired real estate or used a special type of trust for construction projects. In addition, all projects must...