Uruguay has published Law 19.993 in the Official Gazette, which provides for the introduction of tax exemptions for micro and small enterprises located in border areas. The exemptions include:
Regarding the exemption from employer's retirement contributions, the exemption applies for company owners, partners, and dependent employees working at the qualifying location. Additional criteria for the exemption may also be established.
The law provides that the exemptions will apply to tax obligations accrued in a 12-month period beginning from a date to be determined by the Executive. This date is to be established within one year from the date of the law's publication, 21 October 2021.