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Pursuant to the Uruguayan Government’s Decree 262/022, a VAT rate reduction applies on the following activities:
Gastronomic services provided by restaurants, bars and other similar establishments
Catering services for parties and events
Services for parties and events not included in the above
Car rental services (without driver).
In addition, a 10.5% deduction is granted on the gross price agreed for the temporary assignment of a real estate property for tourism purposes, for assignments that do not exceed a period of four months, paid to a resident real estate manager.
Both benefits will be applicable to payments made with credit or debit cards issued abroad by nonresident individuals.
Decree 262/022 (pdf), was published in the Official Gazette on 29 August 2022.
For additional information with respect to this Alert, please contact the following:
EY Uruguay, Montevideo
Martha Roca
María Inés Eibe
Ernst & Young LLP (United States), Latin American Business Center, New York
- Lucas Moreno
- Ana Mingramm
- Pablo Wejcman
- Enrique Perez Grovas
Ernst & Young LLP (United Kingdom), Latin American Business Center, London
- Lourdes Libreros
Ernst & Young Tax Co., Latin American Business Center, Japan & Asia Pacific
- Raul Moreno, Tokyo
- Luis Coronado, Singapore
For a full listing of contacts and email addresses, please click on the Tax News Update: Global Edition (GTNU) version of this Alert.
