On 13 August 2013, Decree No. 226/013 which introduces a new ceiling on tax credit for donations to art and cultural projects, was published in the Official Gazette. Under the new provisions, the maximum amount of tax credit on donations to art and cultural projects to be offset against corporate income tax (IRAE) and tax on capital is UYU 13,850,000. The new ceiling applies from 14 August 2013.
OrbitaxLimits on tax incentives enacted
