(1)To support the tourism sector, Uruguay temporarily (until April 2021) exempted from tax the rental income from property that is rented out to tourists.

 

(2) Enhanced loss offset provisions

 

Uruguay removed the annual limit on the amount of losses that can be carried forward.

 

(3) Social Security Contributions (SSCs)

 

Uruguay targeted the SSCs waiver to employers and employees in sectors or regions that were severely affected by the crisis.

 

(Updated: May 2022)

 

 

(1) Creation of a new tax called the “COVID-19 Sanitary Emergency Tax” to fund the Solidarity Fund.The sanitary emergency tax applies to remuneration and benefits, in cash or in kind, derived from state employees and from individuals who maintain personal service contracts with the state, for April and May, 2020. The tax rate ranges from 5% to 20%, depending on the amount of gross income.

 

(2) Creation of a "Sanitary emergency COVID-19 tax" that will be levied on income derived fro personal services rendered to the state, departmental governments, autonomous state entities and decentralized services, during the months of April 2020 and May 2020. This tax aims at financing the "COVID-19 Solidarity Fund". The Health personnel is excluded from the tax's scope.

 

(3) Other sources for the Coronavirus Fund include the additional Social Security Assistance Tax, the 2019 profits of Banco República and the National Development Corporation, and donations. Currently, this fund finances the cash subsidies and food assistance for the most vulnerable, together with the cash subsidies for the employees in the construction industry affected by the pandemic-related work stoppages. 

 

(4) In March 2021, the government announced an extension of some of the measures, including extension of credit guarantees and unemployment insurance, tax relief for small businesses; increase in assistance to the most vulnerable; and extension of investment incentives.

 

(Updated: August 2020)