Service: Research & Development Tax Credit (Ley Nº 19.739/2019)
Companies based in Uruguay are eligible for an R&D tax credit of up to 35% of qualifying R&D expenses for business projects, and 45% for business projects in collaboration with Innovation, Tech or Research centers, and/or Universities. The remainder of the amount (65% or 55% respectively) could also qualify as expenses.
Companies based in Uruguay are eligible for a tax income exemption for investments that were made between the 1st of April, 2020, and the 31st of March, 2021. To calculate the amount exempted of tax income from economic activities, 150% of the invested amount is computed and used.