On 4 September 2026, Uruguay’s Directorate General of Taxation (DGI) published the Tax Expenditure Report covering fiscal years 2022 through 2025. This comprehensive report provides transparency on revenue forgone due to tax incentives, exemptions, and preferential regimes. Accompanying the report, the DGI released an Inventory of Tax Expenditures in electronic spreadsheet format to facilitate public access and data analysis. The initiative aligns with international best practices for fiscal transparency and supports evidence-based policy evaluation.
Key Takeaways
- Comprehensive Fiscal Transparency: The report quantifies the fiscal cost of each tax expenditure measure, enabling legislators and the public to assess the efficiency and equity of current tax incentives.
- Open Data Accessibility: The electronic inventory allows researchers, policymakers, and taxpayers to download and manipulate raw data, promoting independent analysis and informed debate on tax policy reform.
- Policy Evaluation Framework: By establishing a recurring reporting mechanism, the DGI creates a foundation for periodic review of tax expenditures, ensuring they remain aligned with economic objectives and social goals.
Disclaimer: This article is compiled and summarized by the AI based on publicly available information and is for general information purposes only. It does not constitute any form of formal tax advice, legal opinion, or basis for performance. Please consult a qualified professional tax advisor or legal counsel for tax advice.
Source: Read Official Announcement