Decreto N° 329/025 updates the general investment promotion regime governed by Law N° 16.906 and states its thresholds in Indexed Units, not in pesos and not in dollars. The Indexed Unit moves every day, so each threshold has a different value depending on the date it is read.
This text brings together two public records — the text of the decree, and the daily series for the Indexed Unit and the interbank dollar published by the Dirección General Impositiva — and expresses the thresholds in pesos and in dollars at a single cut-off date. It does not assess whether the regime is advantageous, does not anticipate future values of the Indexed Unit, and does not replace the calculation that belongs at the presentation date of each project.
What Decreto 329/025 establishes and from when
The decree was promulgated on 23 December 2025 and published on 13 January 2026. Its article 23 provides that it enters into force on 1 February 2026 (primary source IMPO, Decreto N° 329/025, updated text). The same article opens two transitional windows for projects presented before that date.
The first window covers companies that presented projects between 1 August 2025 and 31 January 2026, which could opt into the new regime while keeping their presentation date. The second allowed projects to be presented under the previous decree until 30 April 2026.
The beneficiaries are cooperatives and IRAE taxpayers with income subject to that tax, whose projects are declared promoted by the Executive on the advice of the Comisión de Aplicación. Autonomous entities and decentralised services of the industrial and commercial domain of the State are outside it, as is the tobacco industry.
| Date | What happens | Article |
|---|---|---|
| 23/12/2025 | Promulgation | — |
| 13/01/2026 | Publication | — |
| 01/02/2026 | Entry into force | art. 23 |
| 01/08/2025 to 31/01/2026 | Window to opt into the new regime while keeping the presentation date | art. 23 |
| until 30/04/2026 | Presentation of projects under the previous decree | art. 23 |
| until 31/12/2027 | Presentation for the first large-investment tranche | art. 20 |
| until 31/12/2029 | Full execution of the investments of that tranche | art. 20 |
| until 31/12/2028 | Presentation for the second large-investment tranche | art. 20 |
| until 31/12/2031 | Full execution of the investments of that tranche | art. 20 |
The thresholds the decree states in Indexed Units
Three figures in the decree are written in Indexed Units. Article 3 requires the movable goods forming part of the promoted investment to have a minimum unit value of UI 1 500. Article 20 sets two tranches for large investment projects: one above UI 180 000 000 and another above UI 300 000 000, each with its own pair of presentation and execution dates.
The remaining parameters of the decree are not indexed. Article 17 establishes that the period for using the IRAE benefit will never be less than 4 accounting years, counted from the year in which net taxable income arises, and that the company may suspend that period for up to 2 accounting years, consecutive or not. Article 19 adds 15 percentage points to the IRAE benefit and 2 accounting years of term for micro and small companies, and 10 percentage points and 1 accounting year for medium ones with up to 50 employees.
Law N° 16.906, of 7 January 1998, is the base norm: its article 11 lists the objectives specially taken into account when granting the benefits, and its article 12 creates the Comisión de Aplicación coordinated by the Ministry of Economy and Finance (primary source IMPO, Law N° 16.906, published on 20 January 1998).
The same thresholds in pesos and in dollars at 31 July 2026
The conversion requires two daily series and a single cut-off date. The Dirección General Impositiva publishes the value of the Indexed Unit and the interbank quotations in two separate datasets. At 31 July 2026 the Indexed Unit stood at 6,6292 pesos (primary source DGI, Unidad Indexada series, cut-off at 31/07/2026) and the interbank dollar at 40,2730 pesos (primary source DGI, interbank quotations, cut-off at 31/07/2026).
| Threshold in Decreto 329/025 | In UI | In pesos at 31/07/2026 | In dollars at 31/07/2026 |
|---|---|---|---|
| Minimum unit value of movable goods (art. 3) | 1 500 | 9 943,80 | 246,91 |
| Large investment, first tranche (art. 20) | 180 000 000 | 1 193 256 000 | 29 629 180,84 |
| Large investment, second tranche (art. 20) | 300 000 000 | 1 988 760 000 | 49 381 968,07 |
The procedure is the same in all three rows: the threshold in Indexed Units is multiplied by 6,6292 and the result divided by 40,2730. One Indexed Unit was worth 0,164607 dollars at that date. Both columns carry the same cut-off date, and neither series is averaged with any other.
Nota sobre las fuentes
Both series come from the same body and the same day, which avoids the error of combining an Indexed Unit value from one date with a quotation from another. The 2026 quotation table shows a single daily value under the dollar heading, without separating buying and selling rates; the calculation uses that single value and not an average between two.
The text of the decree writes the first large-investment tranche as «UI 180:00.000 (Unidades Indexadas ciento ochenta millones)». The numeric rendering with a colon is ambiguous, and the figure used here is the one the decree itself writes in words. The second figure, «UI 300:000.000 (Unidades Indexadas trescientos millones)», has the same structure and is resolved the same way.
The decree also does not define the value of the Indexed Unit in its own articles: it refers to the official series, which is published outside the norm. That separation is deliberate and explains why the text can set a threshold once and hold it stable in real terms across the six years covered by its presentation and execution windows (primary source IMPO, Decreto N° 329/025, articles 3 and 20).
The minimum scores the Comisión de Aplicación is to set for access to the benefits of article 20 are not part of the decree: the norm refers them to the Commission’s own instructions. They are not reproduced here because no published document containing them was found at the date these data were reviewed.
Conclusions
The thresholds in Decreto 329/025 are not currency figures: they are quantities of Indexed Units, and their dollar equivalent moves every day with two distinct series. At 31 July 2026 the unit threshold of article 3 came to 246,91 dollars and the two tranches of article 20 to 29 629 180,84 and 49 381 968,07 dollars.
What warrants watching is three series and two dates: the daily value of the Indexed Unit, the interbank dollar quotation, the eventual publication of the minimum scores by the Comisión de Aplicación, and the closing of the presentation windows on 31 December 2027 and 31 December 2028. The calculation that binds a project is the one made with the series at its presentation date, and not on the basis of any article, this one included.
Fuentes
The text of Decreto N° 329/025, promulgated on 23 December 2025 and published on 13 January 2026, and that of Law N° 16.906, published on 20 January 1998, come from IMPO, the official publication of Uruguayan legislation, in their updated versions.
The value of the Indexed Unit at 31 July 2026, 6,6292 pesos, and the interbank dollar quotation of that same date, 40,2730 pesos, come from two datasets published by the Dirección General Impositiva; the quotations dataset ends on 31 July 2026 and held no August values at the time of review. The peso and dollar figures in the tables are own calculation from those two series, with a single cut-off date for both columns and without averaging values from different dates. The minimum scores of article 20 and the detail of the Comisión de Aplicación instructions were not found published and therefore do not appear in this material.
General analysis of legislation in force. It does not constitute legal, tax, immigration or financial advice.
