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Value added taxes (VAT): basically 22%, but some goods (pharmaceutical, etc.) are taxed with 10%, and fruits and vegetables are not taxed. As of August 2014, the Financial Inclusion Law ( Spanish : Ley de Inclusión Financiera [ 4 ] ) established a 4% tax deduction for sales with debit cards and 2% for credit cards .
Map of the world showing national-level sales tax / VAT rates as of October 2019. A comparison of tax rates by countries is difficult and somewhat subjective, as tax laws in most countries are extremely complex and the tax burden falls differently on different groups in each country and sub-national unit.
The EU VAT asks where supply and consumption occurs, which determines which state collects VAT and at what rate. Each state must comply with EU VAT law, [56] which requires a minimum standard rate of 15% and one or two reduced rates not to be below 5%. Some EU members have a 0% VAT rate on certain items; these states agreed this as part of ...
PROS: The same high calcium, high protein and naturally nutrient-dense benefits as pasteurized milk. CONS: Not pasteurized, meaning it may contain harmful pathogens. Less readily available.
The suicide rate in Uruguay increased once again last year, reaching a new record and cementing the small country’s position as an outlier in the region. The South American country’s suicide ...
Italy summoned Venezuela's chief diplomat in Rome on Wednesday to protest over a lack of information on the fate of an Italian national arrested in the Latin American country two months ago, the ...
Banking Services. Banking has traditionally been one of the strongest service export sectors in the country. Uruguay was once dubbed "the Switzerland of America", mainly for its banking sector and stability. The largest bank in Uruguay is Banco República, or BROU, which is state-owned; another important state bank is the BHU. Almost 20 private ...
European Commission President Ursula von der Leyen arrived in Uruguay Thursday for the final stages in years-long negotiations to clinch a trade deal between the 27-nation EU and the South ...