{"id":6209,"date":"2016-12-09T10:04:58","date_gmt":"2016-12-09T10:04:58","guid":{"rendered":"http:\/\/progresomicrofinanzas.org\/en\/?p=6209"},"modified":"2017-11-17T13:08:53","modified_gmt":"2017-11-17T13:08:53","slug":"wealth-tax-exemption-for-productive-microfinance-transactions","status":"publish","type":"post","link":"https:\/\/www.fundacionmicrofinanzasbbva.org\/revistaprogreso\/en\/wealth-tax-exemption-for-productive-microfinance-transactions\/","title":{"rendered":"Wealth Tax exemption for microfinance transactions"},"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\/6209?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\/6209?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;\">The decree exempts the assets of loan management companies that are concerned exclusively with carrying out productive microfinance transactions from Wealth Tax.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">The exemption will apply to loan management companies with commercial microfinance portfolios that represent at least 60% of their entire financial activity.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">The measure seeks to make access to credit easier for micro-enterprises and family-run producers by making interest rates cheaper.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">The decree classifies as micro-enterprises those that, when the credit is originated, have fewer than four employees, and annual revenue of less than 2 million indexed units (IU), equivalent to around UYU 6 million.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Family-farms registered in the Ministry of Farming &amp; Fisheries (<\/span><i><span style=\"font-weight: 400;\">MGAP: Ministerio de Ganader\u00eda, Agricultura y Pesca<\/span><\/i><span style=\"font-weight: 400;\">) that have chosen to pay the IMEBA Agricultural and Livestock Asset Transfer Tax are also included in this exemption.<\/span><\/p>\n<p>&nbsp;<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The decree exempts the assets of loan management companies that are concerned exclusively with carrying out productive microfinance transactions from Wealth Tax. The exemption will apply to loan management companies with commercial microfinance portfolios that represent at least 60% of their entire financial activity. The measure seeks to make access to credit easier for micro-enterprises [&hellip;]<\/p>\n","protected":false},"author":30,"featured_media":6144,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"tags":[1660,495,1661,1493,1752,1659],"class_list":["post-6209","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","tag-assets","tag-credit","tag-exemption-of-productive-microfinance","tag-micro-enterprises","tag-uruguay-en-2","tag-wealth-tax","numero-9-en","seccion-published-and-draft-legislation-microfinance","pais-uruguay-en"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.4 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Wealth Tax exemption for microfinance transactions<\/title>\n<meta name=\"description\" content=\"Uruguay. 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Exemption from the Wealth Tax on assets of loan management companies which are concerned exclusively with carrying out productive microfinance\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.fundacionmicrofinanzasbbva.org\/revistaprogreso\/en\/wealth-tax-exemption-for-productive-microfinance-transactions\/\" \/>\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=\"2016-12-09T10:04:58+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2017-11-17T13:08:53+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.progresomicrofinanzas.org\/revistaprogreso\/wp-content\/uploads\/2016\/11\/uruguay.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"925\" \/>\n\t<meta property=\"og:image:height\" content=\"614\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"karessa Ramos\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@FMBBVA\" \/>\n<meta name=\"twitter:site\" content=\"@FMBBVA\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"karessa Ramos\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"1 minute\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/www.fundacionmicrofinanzasbbva.org\\\/revistaprogreso\\\/en\\\/wealth-tax-exemption-for-productive-microfinance-transactions\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.fundacionmicrofinanzasbbva.org\\\/revistaprogreso\\\/en\\\/wealth-tax-exemption-for-productive-microfinance-transactions\\\/\"},\"author\":{\"name\":\"karessa Ramos\",\"@id\":\"https:\\\/\\\/34.249.117.129\\\/revistaprogreso\\\/#\\\/schema\\\/person\\\/4a3fe64f7988998aa5e22913c8147baf\"},\"headline\":\"Wealth Tax exemption for microfinance transactions\",\"datePublished\":\"2016-12-09T10:04:58+00:00\",\"dateModified\":\"2017-11-17T13:08:53+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/www.fundacionmicrofinanzasbbva.org\\\/revistaprogreso\\\/en\\\/wealth-tax-exemption-for-productive-microfinance-transactions\\\/\"},\"wordCount\":137,\"commentCount\":0,\"publisher\":{\"@id\":\"https:\\\/\\\/34.249.117.129\\\/revistaprogreso\\\/#organization\"},\"image\":{\"@id\":\"https:\\\/\\\/www.fundacionmicrofinanzasbbva.org\\\/revistaprogreso\\\/en\\\/wealth-tax-exemption-for-productive-microfinance-transactions\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/www.fundacionmicrofinanzasbbva.org\\\/revistaprogreso\\\/wp-content\\\/uploads\\\/2016\\\/11\\\/uruguay.jpg\",\"keywords\":[\"assets\",\"credit\",\"exemption of productive microfinance\",\"micro-enterprises\",\"Uruguay\",\"wealth tax\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/www.fundacionmicrofinanzasbbva.org\\\/revistaprogreso\\\/en\\\/wealth-tax-exemption-for-productive-microfinance-transactions\\\/\",\"url\":\"https:\\\/\\\/www.fundacionmicrofinanzasbbva.org\\\/revistaprogreso\\\/en\\\/wealth-tax-exemption-for-productive-microfinance-transactions\\\/\",\"name\":\"Wealth Tax exemption for microfinance transactions\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/34.249.117.129\\\/revistaprogreso\\\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\\\/\\\/www.fundacionmicrofinanzasbbva.org\\\/revistaprogreso\\\/en\\\/wealth-tax-exemption-for-productive-microfinance-transactions\\\/#primaryimage\"},\"image\":{\"@id\":\"https:\\\/\\\/www.fundacionmicrofinanzasbbva.org\\\/revistaprogreso\\\/en\\\/wealth-tax-exemption-for-productive-microfinance-transactions\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/www.fundacionmicrofinanzasbbva.org\\\/revistaprogreso\\\/wp-content\\\/uploads\\\/2016\\\/11\\\/uruguay.jpg\",\"datePublished\":\"2016-12-09T10:04:58+00:00\",\"dateModified\":\"2017-11-17T13:08:53+00:00\",\"description\":\"Uruguay. 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