- Decree No. 236/2025 establishes duty-free imports for certain goods by MSMEs within 60 km of Uruguay-Brazil border crossings.
- Import limits are set based on annual income.
- A 75% employer social security contribution exemption is granted for new hires in specific sectors for 12 months.
- VAT is reduced by 10% for goods at the minimum rate and 11% for goods at the basic rate.
- Full tax credit for terminal rental costs is provided until Dec. 31, 2026, and penalties are imposed for noncompliance.
- The decree takes effect Dec. 1.
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.
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