The decree increases the tax benefits for investment projects by expanding access to the investment project regime and increasing the corporate income tax exemption. In Decree No. 268/020, the Uruguayan Executive Power modified the methodology for evaluating investment projects to increase the applicable tax benefits.The modifications include:Allowing the tobacco industry to access the investment project regimeAllowing investments in movable assets to qualify for the regime, if the assets (by unit) amount to at least 500 Indexed Units (approx. US$60)Expanding the regime to investments conducted within the tax year in which the company filed the authorization for the projectChanging how project...