• Español
  • English
  • Português
Government prepares for impact of border change

Government prepares for impact of border change

Share

Share on linkedin
Share on facebook
Share on whatsapp
Share on twitter

Due to the concerns expressed by the municipal chiefs regarding the difference in the exchange rate for border trade with Argentina, the Ministry of Economy and Finance established a working group to design measures to exempt employers’ taxes and tariffs to level the trading conditions at the border.

1. Expo Prado 2021

The announcement of the constitution of the exposed group was made by the Minister of Economy and Finance, Azucena Arbeleche, and the Undersecretary, Alejandro Irastorza, who appeared before the authorities of the ARU (Asociación Rural de Uruguay – Rural Association of Uruguay) at the Expo Prado 2021 building.

2. Additional topics

In addition to the aforementioned concerns, the issues related to competitiveness and government support to the different sectors were also discussed without the need to increase any type of tax. In addition, the feasibility of the Free Trade Agreement (FTA) with China was assessed.

On the other hand, a new mechanism to calculate fuel tariffs based on oil import parity is also being prepared.

3. Solution to the border conflict

Finally, it was announced that a set of tax exemptions will be designed for the tourism sector, applying to both residents and non-residents. Likewise, it was stated the Legislative Branch is preparing a bill exclusively for this sector.

Source: Agesor 17/09/21

Noticias Relacionadas

How can we help you?

    To communicate with us you need to fill out the following form