Economic report – december 2024
In the recently concluded month of December, the evolution of the indicators we have been monitoring was as follows: Uruguay’s Country Risk (measured by the UBI Index published by República AFAP) as of December 31, 2024, shows a value of 81, representing a negative variation of -6.90% for the month. Additionally, when considering the last […]
Professional Audit for Safe Growth
In an increasingly complex business environment, it is essential to have audits that reinforce the trust and transparency of operations. Carlos Picos Consulting, with over 36 years of experience, positions itself as a strategic ally offering a comprehensive and personalized approach. Our services go beyond simple review; we provide detailed analysis and recommendations that optimize […]
Extension of tax benefits for electronic invoices
On December 23, the Presidency announced the extension of the tax benefits regime for electronic invoicing services. According to the new decree, published on December 26 on the official Presidency website, the benefit will remain in effect until December 31, 2025. This news comes during a massive increase in users of the system, as, starting […]
The investment grows under the shelter of the Promoted Housing Law
The latest data published by the National Housing Agency (ANV) indicate significant progress in the commercialization of properties under the promoted housing regime (formerly known as social housing). As of September 2024, 20,724 properties have been sold, a figure that includes sales, purchase promises, and reservation tickets presented by investors. Increase in Promoted Housing Sales […]
Agreement between Uruguay and Colombia to Avoid Double Taxation
On September 23, 2024, the Parliament of the Oriental Republic of Uruguay approved Law No. 20,367, which ratified the agreement between Uruguay and the Republic of Colombia to eliminate double taxation on income and wealth taxes, as well as to prevent tax evasion and avoidance. The agreement will enter in force once both countries have […]
Tax Information exchange agreement between Uruguay and USA
On 19 September 2024, Law No. 20.351 ratifying the Agreement between the Oriental Republic of Uruguay and the United States of America for the Exchange of Information on Tax Matters, signed on 24 October 2023 in Montevideo, was approved. The rule will enter into force one month after Uruguay notifies the United States in writing […]
Google Inaugurates its Innovative Data Center in Uruguay!
The tech giant, Google, has taken a key step towards the future by inaugurating the construction of its much-anticipated Data Center in the Science Park of Canelones. This project, with an investment of US$ 850 million, promises to transform the outlook of technology in Uruguay and Latin America. With the presence of prominent authorities, business […]
Carlos Picos Consultora Certified as LGBT+ Inclusive Company.
As part of the ninth edition of the Uruguay LGBT+ Summit Pride Connection Montevideo 2024, Carlos Picos Consultora has received the LGBT+ Inclusive Company certification. Our company is one of the first to receive this certification, having been members of the LGBT+ Chamber since 2016. The objective is to contribute to increasing employability and positioning, […]
New notice from the IMM for individuals seeking Uber and Cabify permits
The Municipality of Montevideo has issued a new notice for individuals interested in obtaining permits to operate as drivers for passenger transport platforms such as Uber and Cabify. This process aims to ensure gender-balanced participation, with an equal number of men and women on a priority list that will be issued for the applicants who […]
Labor and employment Law in Uruguay
Below you will find information about Uruguayan L&E Law, the main framework and an overview of how our employee compensation is composed. Types of contracts: In Uruguay, there are several different types of contracts when it comes to hiring an employee. For instance, it could have a fixed term (temporary contract) or not (permanent contract). […]
