LatinNews Daily - 30 October 2020

* Uruguay’s tourism minister, Germán Cardoso, has announced the adoption of measures designed to provide economic relief to the country’s tourism sector, as it prepares for a difficult Southern Hemisphere summer season, in which Uruguay’s borders will remain closed to foreign tourist as part of efforts to contain the coronavirus (Covid-19) pandemic. Cardoso said that after evaluating the impact that the closure of the borders will have on the country’s tourism industry, the government led by President Luis Alberto Lacalle Pou has decided to adopt a raft of measures in support of the sector. These include a temporary Ur$8,000 (US$186) reduction in the tax contributions that tourism firms must pay for each employee, and a 9% reduction in the value-added tax (VAT) on tourism sector services. Cardoso said that this scheme, known as ‘Plan Verano’, will be implemented from December 2020 to April 2021, and is designed to offer tax relief to the tourism sector, but also to promote internal tourism by offering tax incentives to Uruguayan consumers. “We will have a summer season adjusted to the new normality… but there will be a summer season”, Cardoso stated.

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