The Government of Uruguay announced this Wednesday (11.05.2023/XNUMX/XNUMX) a series of measures to face the crisis that the exchange rate gap with Argentina caused in the departments on the west coast of the Uruguay River.
Such provisions include discounts on prices of fuels, benefits for purchases in pharmacies and stimuli to job.
According to the Uruguayan Executive, the first provision consists of an extension of the "Border Law II", a rule that in 2022 extends the benefits that a law gave to companies located in the border area in October 2021 and that includes exemptions from the minimum monthly Value Added Tax (VAT) and employer retirement contributions, among other taxes.
This will be the case for businesses with registered offices within a maximum radius of 60 kilometres from border crossings.
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