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Uruguay again reduces taxes on the purchase of electric vehicles

Since 2015, Uruguay has undertaken various initiatives in the granting of benefits for the import of electric vehicles, such as reducing customs tariffs on such vehicles from 23% to 0%.

On January 1, 2022, Uruguay took another step by eliminating the IMESI or excise tax (internal tax on the first sale of goods) applied to the purchase of all-electric vehicles, thus reducing the rate from 5.75% to 0% (for conventional vehicles, this rate can reach up to 115%)

Source PwC

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