Uruguay's traditionally protectionist policies were relaxed as a result of the economic reforms of 1974. Average tariff rates fell from 139% in 1976 to 36% in 1982. In the past, the MERCOSUR common external tariff (CET) ranged from 6–20%. However, as of 2001, MERCOSUR has no CET because Argentina imposed unilateral changes in its tariff scheme. Actual maximum tariffs ranged from 0% to 27%. Excise taxes ranged from 10% to 30% on soft drinks, cosmetics, and motor vehicles; to 70% on tobacco, 80% on alcohol, and 133% for gasoline. Almost all goods can be imported into Uruguay without restrictions or licenses. There is also a value-added tax (VAT) of 23%.
Effective January 1995, Brazil, Argentina, Uruguay, and Paraguay formed the Southern Common Market (MERCOSUR). This agreement allows duty-free trade between the four countries. Tariff preferences are also given to members of the LAFA. Uruguay also has a large number of bilateral investment agreements, mostly with EU countries.
Free trade zones operate in Colonia, Florida, Nueva Helvecia, Nueva Palmira, Rio Negro, Rivera, San Jose, and Montevideo.
I wanted to know the basic tax levels and barriers for importing Italian and Spanish wines in Uruguay, at a business level.
I am putting my things in line and planning to relocate in UY within the next 2 years and would like to start my frameworks and preliminary studies to start my own businesses in the country.
Thank you very much
Paolo