Reduced VAT / GST rate

10

Standard VAT / GST rate

22 ^[1]

High VAT / GST rate

Not applicable

_______________ 

[1] With effect from May 1, 2020, an additional reduction of 2 VAT points is applicable for payments which are made by electronic means (such as bank cards) for purchases made by individuals not exceeding USD 400. All export of goods and services, determined by the Executive Power will be subject to a 0% VAT rate. Taxpayers will benefit from the refund of VAT on purchases associated with such operations.  Decree 220/98 laid out a list of hypo considers export of goods or services. The VAT rate is fully reduced for certain tourism-related services, provided that purchasers are non-resident individuals and payments are made via foreign-issued debit/credit cards or electronic fund transfers originating abroad, with the involvement of a national acquirer or payment entity.  This reduction applies exclusively to transactions between November 15, 2024, and April 30, 2025. For purchases made at certain establishments listed under Article 66 (E) of Title 4 of the 2023 Uruguayan Tax Code (small size business), a discount of 18.03% will apply to the total transaction amount.