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Uruguay Amends R&D Incentive Regime to Comply with BEPS and Introduces Expense Deduction Restriction

|Approved Changes|Uruguay
Uruguay

Uruguay's Directorate General of Taxation has published Law No. 19.637, which includes various tax amendments. The main changes are in relation to the incentive regime that provides an exemption for income derived from R&D activities in the fields of biotechnology, bioinformatics and software production, including:

  • For the exemption to apply, the resulting assets must be covered by the regulations for the protection and registration of intellectual property rights (previously goods and …

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