Uruguay has published Decree No. 195/023, which amends the tax deduction benefit for construction and development companies first provided by Decree No. 292/013 so that the tax benefit is permanent. Decree No. 292/013 amended Article 42 of the corporate income tax (IRAE) regulations (Decree No. 150/007) concerning deductions to allow construction and development companies to deduct in full the cost of real estate acquired as part of construction works for new real estate projects, provided t…