Ecofin concluded that Uruguay has complied with all commitments made with the European Union, having demonstrated its willingness to cooperate on issues of good tax governance. The changes introduced, both at a legal and regulatory level, are aimed to strengthen the source principle for business income.

The Order that will establish the regulatory bases for calls to the Incentive Program for electricity and heat production facilities from renewable energies in substitution of production from fossil fuels, and also the Resolution of the first call.

The novel coronavirus disease 2019 (COVID-19) outbreak was a major shock for the global economy, with severe uncertainty about the duration and intensity, disrupting production, trade and business. The UAE economy is being affected by the spread of COVID-19 as well as the sharp decline in oil price.