Large-scale development projects: new filing criteria
COMAP defined criteria for local-industry incentives, sustainable construction and common areas in large real-estate developments.
Decree No. 353/025 governs large-scale development projects involving housing, offices and privately developed urban projects. Criteria published by COMAP clarify relevant aspects of the assessment, execution and control of these investments.
Local industry incentives
Projects using Uruguayan materials may add 2 percentage points to the corporate income tax exemption when local content exceeds 15% and reaches up to 35% of eligible materials; 4 points when it exceeds 35% and reaches up to 55%; and 6 points when it exceeds 55%. Materials must be identified in the application and suppliers and products must be registered in the Industrial Companies Directory.
Sustainable construction
Depending on the certification and level achieved, the corporate income tax exemption may be increased by coefficients ranging from 1.04 to 1.15. Recognised systems include LEED, BREEAM, EDGE and Uruguay’s residential energy-efficiency label. Local-industry and sustainable-construction incentives can be combined, making documentation and project planning particularly important.
Common areas and minimum units
Pools, gyms, barbecue areas, coworking spaces and meeting rooms may qualify as common-use areas. Gardens and courtesy parking are excluded. Between 5% and 10% of the total area must be allocated to common spaces depending on the project’s size, and projects with fewer than six homes or offices are no longer eligible.
This material is provided for information only and does not replace professional advice tailored to a particular situation. Read the original Spanish version.