Montevideo Portal
The Executive Branch sent this Monday afternoon the bill to exempt from Value Added Tax (VAT), for a period of 30 days, the sale of beef “fresh, frozen or cooled from the roast cut from ten to 13 ribs”.
“The exemption will be applied exclusively in the event that the aforementioned cut is made in the refrigerator or slaughterhouse, and they are sent for consumption duly individualized,” adds the sole article of the bill that empowers the Executive to extend for a single time the exoneration.
In the explanatory memorandum, the government argues that “beef constitutes an essential component of the eating habits” of the Uruguayan population, thus generating the “need to facilitate, as far as possible, the conditions of access to their consumption”.
“Various factors, among which the impact on the economy generated by the conflict between Russia and Ukraine stands out, have led to an increase in prices and a retraction in the consumption of the product, particularly in the most disadvantaged socioeconomic sectors,” he said. Executive.
It was also assured that although “this situation will have to be reversed according to the vicissitudes of the market to the extent that the world economy stabilizes”, the Executive Power “deems it convenient to adopt transitory measures that, with an essentially social criterion, affect the formation of the aforementioned prices.
“These measures seek to maintain a rigorous balance between the role that undoubtedly falls to the State in terms of consumer protection -especially the most vulnerable-, and the need to preserve a regulatory context that generates conditions of certainty and predictability for making investments. productive”, it was explained in the statement of reasons.
The asado in Uruguay is taxed by the minimum VAT rate, which is 10%.
In addition to health and tourist services, the following goods are taxed by this tax: common white bread and campaign cookies; fish, meat and offal, fresh, frozen or chilled; Edible oils; rice; cereal flour and by-products of its milling; pasta and noodles; salt for domestic use; sugar; Herb; coffee; tea; common soap; edible fats; milk transportation.
Montevideo Portal
