Kiwi Forestry Giant Receives Approval for Uruguayan Benefits Program
A major forestry company from New Zealand has been approved to participate in Uruguay’s promotional benefits regime for investments, which includes a significant exemption from the Corporate Income Tax (IRAE). This approval is granted based on a series of compliance indicators the company must fulfill as part of the program. The benefits aim to stimulate forestry sector growth by incentivizing investment aligned with national development objectives.
This measure reflects Uruguay’s ongoing commitment to supporting its forestry industry, which plays a key role in the country’s economy by generating employment and contributing notably to the GDP. The forestry sector is recognized for its advancement in sustainable practices, high-value exports, and rural development impacts. The approved benefits program not only enhances investment attractiveness but also underlines the importance for companies to meet environmental, social, and economic criteria that align with Uruguay’s legal framework for sustainable forestry operations.
Such tax incentives are part of Uruguay’s broader strategy to maintain a transparent and stable investment climate while promoting innovation and international competitiveness in the forestry value chain. This approval is expected to further position Uruguay as a regional leader in forestry investment, balancing economic growth with environmental responsibility.
