The reduced value-added tax (VAT) rate applicable to certain sales of goods and services is extended to 31 December 2022.
In Decree No. 37/022, Uruguay extended from 31 December 2021 to 31 December 2022, the applicability of the reduced VAT rate on sales of goods and services to consumers who pay for the goods and services with debit cards or similar electronic instruments.
In addition, the Government extended from 31 December 2021 to 31 December 2022 the period during which certain financial entities are exempt from the requirement to withhold VAT on sales of goods and services to (1) taxpayers subject to the single tax regime known as “monotributo” and “monotributo social,” and (2) taxpayers that generate income from business activities that does not exceed 305,000 indexed units (approximately US$35,000). The new exemption period is from 1 January 2016 to 31 December 2022.
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