Latinnews Daily - 09 February 2018

Uruguay: Consultancy firm PricewaterhouseCoopers (PwC) has released a new report based on data from Uruguay’s national customs directorate (Aduanas), which found that the country raised US$19.4m in import tariffs (tasa consular) in January, a 136% increase compared to January 2017. The PwC report notes that the increase is largely explained by the Uruguayan government’s decision to increase its import tariff rates from a single 2% rate to a variable rate of 3% for goods imported from the Southern Common Market (Mercosur) and 5% for goods imported from outside Mercosur. The new import tariff schedule, which came into full effect last month, was implemented by the government led by President Tabaré Vázquez as part of its efforts to reduce the fiscal deficit.  

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