- The Uruguayan Ministry of Economy and Finance submitted the 2025-2029 budget bill to Parliament on August 31
- The bill proposes changes to the express shipping regime
- It includes a 22 percent internal tax on imports based on the invoice or declared value
- A minimum tax of US$20 per shipment is proposed
- The law is expected to take effect on January 1, 2026
Source: news.bloombergtax.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.
Latest Posts in "Uruguay"
- Clothing Chamber Criticizes Ambiguous VAT on Foreign Purchases, Proposes Industry Support Fund
- Economists Criticize Opposition’s Stance on VAT for Online Foreign Purchases, Citing Lobby Influence
- Opposition Rejects Online Platform VAT, Claims It Will Harm Investment and Consumer Confidence
- Uruguay Considers Applying VAT to Online Foreign Purchases to Address Market Inequity
- Tourism VAT Rate of 9% Extended to April 2026 for Card and E-Money Payments
