- Extension Duration: Uruguay has extended the VAT rate reduction for the tourism sector until April 2025.
- Beneficiary Sector: The reduction specifically targets businesses within the tourism industry, aiming to support their recovery and growth.
- Economic Impact: This extension is expected to provide financial relief and boost the competitiveness of Uruguay’s tourism sector.
Source Orbitax
- Join our Linkedin Group on ”VAT Rates – Legislative changes”, click HERE
- Global Upcoming VAT Rate changes – Chronological, click HERE
