The new decree regulates the 10-year option for those individuals who applied for the “tax holiday” regime before year 2021.On 12 May 2021, the Uruguayan Executive Power issued a decree that regulates the 10-year “tax holiday” option for individuals who applied for the tax holiday regime before year 2021.Until 2020, the “tax holiday” regime applied for five years. Law 19,904, however, extended the term to 10 years (see EY Global Tax Alert, Uruguay modifies the “tax holiday” regime, dated 11 February 2021).The decree establishes how individuals who applied for the “tax holiday” regime before 2021 may benefit from the 10-year...