{"id":5308,"date":"2016-06-15T09:11:37","date_gmt":"2016-06-15T09:11:37","guid":{"rendered":"http:\/\/progresomicrofinanzas.org\/en\/?p=5308"},"modified":"2017-12-19T10:42:39","modified_gmt":"2017-12-19T10:42:39","slug":"acceptance-of-online-payment-in-small-stores","status":"publish","type":"post","link":"https:\/\/www.fundacionmicrofinanzasbbva.org\/revistaprogreso\/en\/acceptance-of-online-payment-in-small-stores\/","title":{"rendered":"Acceptance of online payment in small business"},"content":{"rendered":"<div class=\"pdfprnt-buttons pdfprnt-buttons-post pdfprnt-top-right\"><a href=\"https:\/\/www.fundacionmicrofinanzasbbva.org\/revistaprogreso\/en\/wp-json\/wp\/v2\/posts\/5308?print=pdf\" class=\"pdfprnt-button pdfprnt-button-pdf\" target=\"_blank\"><img decoding=\"async\" src=\"https:\/\/www.fundacionmicrofinanzasbbva.org\/revistaprogreso\/wp-content\/plugins\/pdf-print\/images\/pdf.png\" alt=\"image_pdf\" title=\"View PDF\" \/><\/a><a href=\"https:\/\/www.fundacionmicrofinanzasbbva.org\/revistaprogreso\/en\/wp-json\/wp\/v2\/posts\/5308?print=print\" class=\"pdfprnt-button pdfprnt-button-print\" target=\"_blank\"><img decoding=\"async\" src=\"https:\/\/www.fundacionmicrofinanzasbbva.org\/revistaprogreso\/wp-content\/plugins\/pdf-print\/images\/print.png\" alt=\"image_print\" title=\"Print Content\" \/><\/a><\/div><p><span style=\"font-weight: 400;\">This Bill is part of the set of reforms the Uruguay government has been implementing since 2005 to promote financial inclusion in the country. It is one of several measures designed to encourage more use of online payments in small stores.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">In the current context, merchants with annual revenues of below 305,000 Indexed Units (equivalent to <\/span><a href=\"http:\/\/www.ine.gub.uy\/web\/guest\/ui-unidad-indexada\"><span style=\"font-weight: 400;\">33,955 USD aprox<\/span><\/a><span style=\"font-weight: 400;\">)are taxed under special regimes: (i) the simplified regime (ii) single-tax regime or (iii) MIDES social single-tax*<\/span><span style=\"font-weight: 400;\">. \u00a0The Bill proposes that revenues generated by sales paid online should be partially eligible for the applicable tax base, so that merchants are not applied a more onerous tax regimes simply for accepting such online payments.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">The initiative provides for a gradual, progressive transition between tax regimes, which will help to encourage the transformation of payment systems and give an incentive to small merchants in Uruguay to move into the formal economy.<\/span><\/p>\n<div class=\"progreso-foot-notes\">\n<p><span style=\"font-weight: 400;\">*\u00a0This is a single tax paid by members of households below the poverty line or deemed to be in a vulnerable social situation, producing and\/or trading in any kinds of goods or services \u00a0(Law 18 .874, 23<\/span><span style=\"font-weight: 400;\">rd<\/span><span style=\"font-weight: 400;\"> December 2011).<\/span><\/p>\n<\/div>\n<p>&nbsp;<\/p>\n","protected":false},"excerpt":{"rendered":"<p>This Bill is part of the set of reforms the Uruguay government has been implementing since 2005 to promote financial inclusion in the country. It is one of several measures designed to encourage more use of online payments in small stores. In the current context, merchants with annual revenues of below 305,000 Indexed Units (equivalent [&hellip;]<\/p>\n","protected":false},"author":30,"featured_media":4778,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"tags":[1752],"class_list":["post-5308","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","tag-uruguay-en-2","numero-7-en","seccion-published-and-draft-legislation-microfinance","pais-uruguay-en"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v26.8 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Acceptance of online payment in small business<\/title>\n<meta name=\"description\" content=\"Uruguay proposes tax initiatives to promote online payments among small merchants.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.fundacionmicrofinanzasbbva.org\/revistaprogreso\/en\/acceptance-of-online-payment-in-small-stores\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Acceptance of online payment in small business\" \/>\n<meta property=\"og:description\" content=\"Uruguay proposes tax initiatives to promote online payments among small merchants.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.fundacionmicrofinanzasbbva.org\/revistaprogreso\/en\/acceptance-of-online-payment-in-small-stores\/\" \/>\n<meta property=\"og:site_name\" content=\"Progreso\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/fundacionmicrofinanzasbbva\" \/>\n<meta property=\"article:published_time\" content=\"2016-06-15T09:11:37+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2017-12-19T10:42:39+00:00\" \/>\n<meta property=\"og:image\" 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