Uruguay
Vat Registration Thresholds No specific threshold; all businesses engaging in taxable activities must register for VAT.
Vat Rates Standard rate of 22%, with reduced rates of 10% for certain goods (e.g., pharmaceuticals) and exemptions for fruits and vegetables.
Vat Registration Process Businesses register with the General Tax Directorate (Dirección General Impositiva, DGI). Registration can be completed online or at local tax offices.
Taxable Transactions Sale of goods and services, including imports. Exports are zero-rated.
Registration Exceptions No specific exemptions; all businesses conducting taxable activities are required to register.
Vat Filing Frequency VAT returns are filed monthly.
Exemption Schemes The Financial Inclusion Law established tax deductions for sales with debit and credit cards (4% and 2% respectively).