The modifications expand the regime to investment projects of more than 20,000,000 Indexed Units (approx. US$2,250,000) and establish exemptions for certain investment projects.  In Decree No. 316/020, the Uruguayan Executive Power modifies certain aspects of Decree No. 138/020 (see EY Global Tax Alert, Uruguay's Executive Power extends tax incentives for construction activities, dated 19 June 2020) on construction projects considered “great economic dimension projects.”The modifications include:Allowing investment projects of more than 20,000,000 Indexed Units (approx. US$2,250,000) to qualify for the promotional regimeRequiring investment projects of less than 60,000,000 Indexed Units (approx. US$7,750,000) to have at least 5% set aside as a...