Uruguay Extends VAT Relief to Boost Tourism and Support Domestic Economy

• Uruguayan Government expands value-added tax reliefs for foreign tourists to domestic taxpayers
• Both Uruguayan resident nationals and foreign tourists can benefit from a value-added tax zero rate on hotel accommodation
• The policy aims to boost tourism and attract more visitors to Uruguay
• The expansion of VAT relief is expected to have a positive impact on the country’s economy

Source: vitallaw.com

Note that this post was (partially) written with the help of AI. It is always useful to review the original source material, and where needed to obtain (local) advice from a specialist.

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