Investment Promotion Law -  Tax Exemptions

Our firm has vast experience assisting clients with obtaining tax breaks under Uruguay’s tax-exemption regulation. Roughly 25% of the overall private investment made in the country chooses to request some form of tax exemptions under the Investment Promotion Law # 16.909.

  • Investments of any size are eligible for exemptions on:
  • Corporate Income Tax (up to 100% of the amount invested)
  • Value Added Tax on goods purchased.
  • Asset Tax.
  • Customs duties.
In order to obtain tax benefits, the investor must file a plan before a committee within the Finance Ministry (known as COMAP), which studies the project and grants the tax breaks based on the impact on certain factors, mainly: the creation of new jobs, the generation of exports, the incorporation of new technology, and the use of clean energy.

Andersen Tax & Legal is Uruguay’s member of Andersen Global, an international association of member firms comprised of legal and tax professionals worldwide.