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Tax exemptions for software technology business in Uruguay

 

Uruguay is a pioneer in regulations for and development of technologies in the region.

In Uruguay, software companies are now eligible for certain tax exemptions to support their growth.

The Uruguayan government evaluates several factors to determine whether software technology companies are eligible for tax exemptions or deductions.

In general terms, software technology businesses in Uruguay can apply for exemptions from the Economic Activity Income Tax (Impuesto a la Renta de Actividades Económicas, IRAE) or applicable for deductions.

Uruguay is a country preparing for the ongoing and future impact of technology in business.

In April 2019, Uruguay became the first country in Latin America to launch 5G technology in its territory.

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