News of May 2018

09.05.18

Nine Percent Refund on VAT in Tourist Purchases

Nine Percent Refund on VAT in Tourist Purchases

Starting on Tuesday, May 1, residents and non-residents will receive the same 9 percent VAT refund on tourism-related purchases. This benefit consists of a value added tax reduction for tourism services provided to non-resident individuals and paid for with debit or credit cards issued abroad.

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09.05.18

Growth Projected by the IMF

Growth Projected by the IMF

The International Monetary Fund (IMF) issued its World Economic Outlook, April 2018 report, in which it projects that Uruguay’s economy will see a growth of 3.4 percent in its Gross Domestic Product (GDP) in 2018 and of 3.1 percent in 2019.

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09.05.18

Infrastructure Projects in Japan and Korea

Infrastructure Projects in Japan and Korea

Representatives of Uruguay XXI participated in a series of activities carried out in the month of April in the framework of two summits held in the capital cities of Japan and South Korea, where they promoted infrastructure projects.

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