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UTE exempts businesses on the border with Argentina from 100% of the fixed charge and up to 40kW

UTE exempts businesses on the border with Argentina from 100% of the fixed charge and up to 40kW

Some 3,300 retail stores located on the border with Argentina will benefit from a new measure of UTE, that approved the exoneration for six months of the 100% of the fixed charge and up to 40 kW in the electricity supply, within the framework of the measures provided by the Uruguayan government to meet the claims of the locals on the coast, within the framework of the exchange difference with the neighboring country.

Through a statement, the board of joint venture provided for “exoneration for 6 months from the 100% of fixed charge and power up to 40 kW” in the electrical energy service for retail stores of goods and services in the border departments with Argentina, as long as they have a land border crossing.

From the state company they specified that the micro and small companies located in that area that are authorized to receive these benefits have to be within a maximum radius of 60 kilometers of the border crossing, within the framework of the conflict that provokes the exchange rate gap and the price difference with the neighboring country, which was already a reason for complaints from businessmen in the area.

https://twitter.com/UTE_ComCorp/status/1661829647926013953

It is a measure that reaches about 3,300 commercial premises and it generates joint venture stop perceiving some 28.200 million. From joint venture justified the decision as a way of responding “to the request made by the Executive power to preserve the labor sources of the sector”.

The measures of the government of Uruguay to combat the exchange difference with Argentina

Faced with the complications generated by the difference in prices with the neighboring country, President Luis Lacalle Pou weeks ago, it ordered a series of measures aimed at border departments, which included a package of tax reductions on fuel, as well as incentives for formal employment and discounts in pharmacies.

Along these lines, he decided to expand the Border Law, which has antecedents in the “Fontera I Law” (Law No. 19,993), of October 15, 2021. With this new extension, the national administration intended to reach nearly 10,000 taxpayers.

He Executive power had also entrusted joint venture study measures like the one you just took and also did the same with SBI, so it should not be ruled out that similar measures will take place in the coming days.

In addition, it ordered a further reduction of the Internal Specific Tax (Imesi) per liter of gasoline when sales are made by service stations located within a maximum radius of 20 kilometers from land border crossings (Fray Bentos – Puerto Unzué, Paysandú – Colón, Salto – Concordia, and the border towns of Aceguá, Artigas , Bella Union, Chuy, Rio Branco, and Rivera).

Source: Ambito

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