The Decree of 19 December 2016 adopted by the Ministry of Economic Affairs and Finance extended the benefits provided for by Regulation No 324/011 concerning the development and implementation of the system of electronic tax documents until 31 December 2017.
Currently the benefits are provided for investments related to equipment for electronic data processing and software which include fixed or intangible assets that are used completely for the development and implementation of the electronic invoicing system. The benefits include exemption from the corporate income tax for up to 50% of the invested amount for the first five fiscal years and exemption from net wealth tax on the promoted goods for all their useful life.
«
Spain: Government approves CbC reporting form
Azerbaijan-Budget Bill for 2017 adopted
»
Related Posts
Uruguay mandates remaining VAT taxpayers join e-invoicing regime by December 2024
The Uruguayan tax authority (DGI) has issued a reminder to taxpayers on 28 November 2024 that the deadline for joining the electronic invoicing regime (régimen de documentación fiscal electrónica) is 31 December 2024. The universalisation of
Read MoreUruguay introduces tax incentives for telecom companies for electronic surveillance services
Uruguay issued Decree No. 281/024, on 31 October 2024, which aims to promote electronic surveillance services provided by telecommunication companies for criminal investigations. The decree, based on Law No. 16.906, supports these companies by
Read MoreUS, Uruguay TIEA enters into force
The tax information exchange agreement (TIEA) between the US and Uruguay took effect on 10 November 2024. This follows Uruguay’s Chamber of Senators' approval of a tax information exchange agreement with the US on 7 August 2024. The
Read MoreUruguay, Turkey sign tax treaty
Omar Paganini, and the Ambassador of Turkey in Montevideo, Tunca Özçuhadar, signed the Agreement to Eliminate Double Taxation on Income Taxes and Prevent Tax Evasion and Avoidance on 12 November 2024. The announcement was made in a release by
Read MoreUruguay ratifies income, capital tax treaty with Colombia
Uruguay ratified the income and capital tax treaty with Colombia through Law No. 20367 on 23 September 2024, the news was reported on Uruguayan parliament's website, The treaty was signed 19 November 2021, in Bogotá, Colombia. Both countries
Read MoreUruguay extends CIT and Net Wealth Tax exemptions, updates definition of Shared Services Centre
The Ministry of Economy and Finance in Uruguay updated the definition of “Shared Services Centre” and extended tax exemptions for Corporate Income Tax (CIT) and Net Wealth Tax, through the publishing of Decree No. 257/024 in the Official
Read More