On 5 February 2024, the Uruguayan government published Decree No. 25/024 in the Official Gazette, introducing a new amendment to the Corporate Income Tax regulations. Under this new regulatory provision, corporate income taxpayers who have never been eligible for the “Small Companies” exemption can choose to be included in the exemption only once. This opportunity is available if their income does not exceed 305,000 Indexed Units (equivalent to approximately USD 44,790) by the end of the last fiscal year, starting from 1 January 2024. To avail this option, taxpayers must notify the Uruguayan Tax Authority (Dirección General Impositiva or DGI) as per the DGI’s guidelines before the start of the fiscal year or within the month before the month in which the included income is received.