Uruguay’s Executive Power issued a decree establishing tax incentives to stimulate investment in Uruguay. The decree establishes the following tax incentives for investment projects:Investments made from 1 April 2020 to 31 March 2021 may be considered at 150% of their value when calculating the corporate income tax (CIT) exemption that applies to income from promoted investment projects.The CIT exemption for income from investment projects submitted from 1 April 2020 to 31 March 2021 will increase by 20% (the Executive Power caps the total CIT exemption for each project at a percentage of the promoted investments, which will increase by 20% as...