Key Benefits:
Article 1º.-Substitute, as of July 1, 2016, the first and second points of Article 11 of Title 10 of the 1996 Ordered Text, for the following:
| “ARTICLE 11. Agricultural VAT-Tax to be invoiced.-The value added tax (VAT) corresponding to the circulation of agricultural products in their natural state will not be included in the invoice or equivalent document, remaining in suspense for the effects Until the end of the year, the tax will be changed or altered. In the latter case, the employees must include the tax that would result from applying the corresponding rate on the total net contracted or invoiced amount and will not be entitled to tax credit for the VAT in abeyance. |
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| For the case of fruits, flowers, and vegetables in a natural state, the suspended tax regime will also cease: |
| A) | When such goods are sold to end consumers, except when they are performed directly by producers (a) agricultural products which do not have to be taxed on the basis of the sufficient accounting system for the purposes of the economic activities. The activities carried out to enterprises are not considered to be understood in this concept. |
| B) | When the referenced goods are imported ”. |
Article 2.-Substitute, as of July 1, 2016, the literal K) of Title 10 of Title 10 of the 1996 Ordered Text, by the following:
| “K) Fruit, flowers, and vegetables in their natural state, when they are placed in final consumers, except when they are directly performed by agricultural producers who are not obliged to pay the tax on the income of the economic activities on the basis of the sufficient accounting system. The activities of companies ” are not considered to be included in this concept. |
Article 3º.-Add to Title 10 of the 1996 Ordered Text, the following article:
| “ARTICLE 11a.-Facultal Power Executive to grant a tax credit of up to 18.03% (eighteen with three hundredths percent) on the value of purchase of fruits, flowers and vegetables, to whom: |
| A) | Ends such goods to end consumers and that such disposal is taxed at a rate greater than zero. |
| B) | Industrialize or export such goods except for citrus and wine contributors. |
| It will be a necessary condition that the referenced goods have been acquired in the Value Added Tax regime in suspense. |
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| The provisions of this article shall apply to the goods, destinations, and deadlines set by the regulation ”. |
Article 4º.-Derogse, as of July 1, 2016, items 9º to 15 of the No 17,503 of 30 May 2002, the literal N) of Article 6 and the literal M) of Article 19 of Title 10 of Title 10 of the 1996 Ordinance, in the wording given by Articles 18 and 27 of the href="areuelveref.aspx?LAW, 18083/art18/HTM/"> No 18.083 of 27 December 2006.
Article 5º.-Amendments to provisions of the 1996 Ordered Text made in this law are considered to be made to the respective legal norms.
Chamber of Sessions of the Chamber of Senators, in Montevideo, on June 22, 2016.
Comply, acknowledge receipt, communicate, publish and insert into the National Register of Laws and Decrees, the Law amending Law No. 17,503 of 30 May 2002 on the Value Added Tax on fruits, flowers and vegetables.
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 Montevideo, Uruguay. Legislative Power. |
