author_ey
EY

Share This Article

Uruguayan Government extends period to invest in large economic projects

02 February 2024

|

Tax Alerts, Information Reporting, Legislation & Policy, National/Federal Taxation

|

Uruguay

A new Executive Office Decree extends the time to execute investments under "large economic dimension projects" promotional regime.The new Decree is pending publication in the Official Gazette. Executive Office Decree No. 23/024, issued on 29 January 2024, modifies the promotional regime allowing investment projects carried out within 72 (previously 48) months of the date that Decree No. 138/020 entered into force to qualify for the regime. The projects must be presented before 1 January 2025 and the investment must be executed before 1 October 2027.Additional decrees have modified Decree No. 138/020 since it entered into force in May 2020 to regulate...