- Producers of bovine and ovine livestock who do not pay IRAE will receive a refund of the VAT included in their diesel purchases for a year starting from March 1, 2022
- The maximum benefit cannot exceed 0.4% of the income from the sales of livestock in the last fiscal year
- Producers of milk, rice, flowers, fruits, vegetables, and beekeepers who do not pay IRAE will also receive a refund of VAT on diesel purchases starting from March 1, 2022
- The refund will be determined based on the percentage of annual sales of each agricultural product in the last fiscal year
- The refund will be given monthly in cash after necessary controls are done, based on documented diesel purchases from service stations or distributors
- Minimum income amounts are set for cases where there is no information on IMEBA withholdings, and these amounts will also serve as minimums for taxpayers with lower sales
- The refunds are applicable for a variety of agricultural products and have been extended beyond the initial one-year period.
Source: pkf.uy
Note that this post was (partially) written with the help of AI. It is always useful to review the original source material, and where needed to obtain (local) advice from a specialist.
