In Uruguay, Decree No. 325/015 of 7 December 2015 extended the period of validity of tax benefits provided for manufacturing agricultural machinery and equipment under Decree No. 220/998, Investment Promotion Law No. 16,906 of January 1998 and Decree No. 346/009 of August 2009.
According to the decree, the exemption from income tax on 90% of the net fiscal income derived from manufacturing agricultural machinery and equipment will apply further to 31 December 2017.
Also, the exemption from income tax on 50% of the net fiscal income derived from manufacturing agricultural machinery and equipment applies from 1 January 2018 to 31 December 2022.
